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IB Economics HL 2.1 Demand Questions

Evaluate demand changes using precise diagrams, assumptions and evidence to explain price, quantity and stakeholder effects.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • Analyse demand curves and movements using price, quantity demanded and ceteris paribus assumptions.
  • Explain income and substitution effects and diminishing marginal utility behind the law of demand.
  • Evaluate demand shifts from income, tastes, expectations, consumers, substitutes and complements.

Covered syllabus points

2.1.1—Law of demand2.1.2 (HL)—Assumptions behind demand2.1.3—Demand curve2.1.4—Individual and market demand2.1.5—Non-price determinants of demand2.1.6—Movements and shifts in demand

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