IB Economics HL 2.6.3 Hl Pes for Primary Commodities Topic Practice

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Unit 1 Introduction to economics

Unit 2 Microeconomics

2.3 Competitive market equilibrium

2.4 Critique of the maximizing behaviour of consumers and producers

2.5 Elasticities of demand

2.6 Elasticity of supply

2.6.1—Price elasticity of supply

2.6.2—PES determinants and diagrams

2.6.3 (HL)—PES for primary commodities

2.7 Role of government in microeconomics

2.8 Market failure - externalities and common pool or common access resources

2.9 Market failure - public goods

2.10 Market failure - asymmetric information

2.11 Market failure - market power

2.12 The market's inability to achieve equity

Unit 3 Macroeconomics

Unit 4 The global economy

IB/Economics/HL//Question Bank/Unit 2 Microeconomics/2.6 Elasticity of supply/2.6.3 (HL)—PES for primary commodities

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