Hello, There is no Mark Scheme for Question 10.
Unit 3: MacroeconomicsOn activity 3 wouldn't soft drinks, sodas or "sugary drinks" as described in the table be PED elastic? There are many substitutes and the demand seems very responsive to price.
PED and the burden of tax (HL only)yes, basically how effective that ban had been in current time. Thankyou Alex
Extended essay (new specification)Hi Aparna, If you are looking at the current implications of the policy, then this is fine. For example, 'should the alcohol ban continue'. Hope this helps, Alex
Extended essay (new specification)Hello Paul, As the EE guide says - Topics should not be historical. They should relate to economic information, policies, outcomes or events that are no more than approximately five years old. Topics that are too retrospective, such as “What...
Extended essay (new specification)I would agree Reda but AD is not among the options, the only options are changes to SRAS and a sustained period of low interest rates will encourage investment which will raise the SRAS (in addition to the AD changes).
Aggregate demand and supply4. A period of very low interest rates, over a sustained period of time. Aggregate supply rises to SRAS3 and average price level falls to PL3.I believe that a lower interest rate is a Demand Management approach which will...
Aggregate demand and supplyThank you Anila I have reattached the PDF, enjoy.
Paper 3 question on tariffs and quotasThank you Michael that is now changed, for some reason I did not attach the PDF once I changed the answer.
Paper 3 question on subsidy and taxes
Todd
Hello, Questions 12-14 don't have mark schemes.
Unit 3.3: Macroeconomic indicators