IB Economics HL 2.7.5 Intervention calculations Question Bank

Practise IB Economics HL 2.7.5 by applying intervention calculations concepts to exam-style questions.

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

[Maximum number: 3]

(a)

Using Figure 1, determine the size of the decrease in monthly corn consumption following the imposition of the price floor.

[ 1 ]

(b)

Using Figure 1, calculate the change in consumer expenditure on corn in Nissos.

[ 2 ]

$8 \times 6=\$ 48$ million
$10 \times 5=\$ 50$ million
Any valid working is sufficient for [1].

Change $=\$ 2$ million OR an increase of $\$ 2$ million.
An answer of 2 or 2 million or $\$ 2$ million without working is sufficient for [1].

Marking guidance:

OFR applies.
For full marks to be awarded the response must provide valid working and include correct units.

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2.7.5 (HL)—Intervention calculations question 1

Question (a)

Question (b)