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IB Economics HL 2.5.3 Ped Diagrams and Revenue Questions

Practise IB Economics HL 2.5.3 by analysing PED diagrams, total revenue and different customer segments, then evaluate pricing decisions with evidence.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • Analyse elasticity at a point on a demand curve and predict the direction of revenue change.
  • Compare PED across customer groups and evaluate a differentiated pricing decision.
  • Explain revenue outcomes with calculation, diagram and context-specific evidence.

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