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Paper 3 question on market equilibrium, elasticity and inflation

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 market equilibrium, elasticity and inflation.Instability in the Middle East has the potential to undermine global energy suppliesConflict in the Middle East has a history of pushing up oil prices....

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