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IB Economics HL 2.3.6 Hl Surplus Calculations Questions

Practise IB Economics HL 2.3.6 by calculating consumer and producer surplus and explaining changes caused by taxes, subsidies, quotas, demand and cost shifts, using marked exam evidence.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • Calculate consumer surplus from demand-and-supply diagrams at equilibrium or under policy changes.
  • Calculate producer surplus from demand-and-supply diagrams at equilibrium or under policy changes.
  • Calculate and explain changes in consumer or producer surplus after taxes, subsidies, quotas, demand or cost shifts.

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