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Paper 3 question on revenue, profits, PED and price controls

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 revenue, profits, PED and price controls. Question paper MarkschemeThe world’s largest oil companies Exxon, Chevron, Shell, and BP have made profits of $174bn in the last 9 months as the price...

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