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Paper 3 question on subsidy and taxes

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 subsidy and taxes.The following table shows the quantity supplied and demanded for a product. Price $SupplyDemand53,50013,50010

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