Paper 3 question on YED, Engel curve, PED and income inequality
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 YED, Engel curve, PED and income inequality. Questions Answers The Louis XIII pizza created by Renato Viola costs $12,000. The pizza is made with a handcrafted dough base that takes three days...