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Paper 3 question on price elasticity of demand and supply

IB Economics Paper 3 includes two compulsory questions. This is a sample Paper 3 question. The time allowed for Paper 3 is 105 minutes, so students should spend 52.5 minutes on each question. This Paper 3 style question is on behavioural economics, oligopoly and demerit goods.The "Old Vic" cinema is one of the most popular movie theatres in a city. 150 years old, the venue is popular with locals but capacity at the venue...

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