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

This section includes an IB paper 3 style examination question and markscheme. Students are required to answer 2 questions when they are completing paper 3 and they have 105 minutes to do this. 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 of oil has soared. Exxon alone has seen its revenue rise by 60% over the...

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