IB Economics HL 2.3.6 Surplus calculations Question Bank
Practise IB Economics HL 2.3.6 by applying surplus calculations concepts to exam-style questions.
- Syllabus
- First assessment 2022
- Course
- Economics HL
- Level
- HL
Exam points
- identify the relevant model, concept or evidence
- apply the correct subject framework to the question
- evaluate the result using clear evidence and subject terminology
2.3.6 (HL)—Surplus calculations question 1
[Maximum number: 1]
Using Figure 1, calculate the consumer surplus in Nissos at the market equilibrium.
Advisors to the government of Nissos suggest setting a price floor.
Using Figure 1, calculate the consumer surplus in Nissos at the market equilibrium.
21×6(20−8)
No workings are required.
$36 million is sufficient for [1].
Marking guidance:
OFR applies.
All question bank results loaded