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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 changes caused by market or policy shifts.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • identify the consumer-surplus and producer-surplus areas, prices, quantities and relevant demand-supply data in a diagram or table
  • calculate consumer surplus, producer surplus and changes in surplus using triangular or trapezoidal areas, equations, correct signs, units and currency
  • interpret changes in consumer and producer surplus in contexts including free trade, tariffs, quotas, subsidies, demand changes and production-cost changes

Learn this topic

Study 2.3.6 (HL)—Surplus calculations conceptsOpen the corresponding Concept lesson for explanations, examples and exam connections.

IB Economics HL 2.3.6 Hl Surplus Calculations Questions 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.

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