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Paper 2 question on demand, supply, PED, consumer surplus, functions of price, maximum price

IB Economics Paper 2 includes two questions, and students need to choose one. This is a sample Paper 2 question. The time allowed for Paper 2 is 105 minutes, so students should spend 105 minutes on this question. This Paper 2 style question is on demand, supply, PED, consumer surplus, functions of price, and maximum price. Questions AnswersWhen the UK-based rock band Oasis tickets for summer 2025 went on sale a few weeks...

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