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Paper 2 question on demand and supply, markets, resource allocation and market failure

IB Economics Paper 2 includes two questions, and students need to choose one. This is a sample Paper 2 question. The time allowed for Paper 2 is 105 minutes. This Paper 2-style question is on demand and supply, markets, resource allocation, and market failure. Question paper Markscheme Uber Uber is the 'poster child' of the gig economy. As a ‘ride-hailing app’ or digital taxi business, it has grown in popularity and...

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