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IB Economics HL 2.3.1 Market Equilibrium Questions

Practise equating demand and supply functions to calculate equilibrium price and quantity, then plotting or reading the equilibrium from a labelled market diagram.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • Equate demand and supply functions to calculate the equilibrium price and quantity.
  • Identify equilibrium price and quantity from a market diagram.
  • Plot and label demand and supply curves to represent competitive-market equilibrium.

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