IB Economics HL 2.2.4 Individual and Market Supply Topic Practice

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Unit 1 Introduction to economics

Unit 2 Microeconomics

2.2.1—Law of supply

2.2.2 (HL)—Assumptions behind supply

2.2.3—Supply curve

2.2.4—Individual and market supply

2.2.5—Non-price determinants of supply

2.2.6—Movements and shifts in supply

2.3 Competitive market equilibrium

2.4 Critique of the maximizing behaviour of consumers and producers

2.5 Elasticities of demand

2.6 Elasticity of supply

2.7 Role of government in microeconomics

2.8 Market failure - externalities and common pool or common access resources

2.9 Market failure - public goods

2.10 Market failure - asymmetric information

2.11 Market failure - market power

2.12 The market's inability to achieve equity

Unit 3 Macroeconomics

Unit 4 The global economy

IB/Economics/HL//Question Bank/Unit 2 Microeconomics/2.2 Supply/2.2.4—Individual and market supply

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