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 classwork 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 Markscheme Asia’s growing appetite for avocados shows no signs of abating. That was a...
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