Demand, utility, PED and the price mechanism (HL)

IB Economics: Demand, utility, PED and the price mechanism (HL)

This case study focuses on demand theory, utility, PED and resource allocation through the price mechanism. The paper can be completed as a homework or class work exercise and should take around 105 minutes. It is based on a paper two examination question using the new syllabus. The maximum mark for this paper is 40. Question paper MarkschemeAsia’s growing appetite for avocados shows no signs of abating. That was...


To access the entire contents of this site, you need to log in or subscribe to it.

You can also request a Free trial or check the blog (which is also free)

All materials on this website are for the exclusive use of teachers and students at subscribing schools for the period of their subscription. Any unauthorised copying or posting of materials on other websites is an infringement of our copyright and could result in your account being blocked and legal action being taken against you.