IB skill practice

Analyse price controls and disequilibrium quantitatively

Economics HL skill with original exam-style quantitative, diagram, data-response, and evaluation seeds.

Paper 3 Paper 1 5 marks Difficulty 4

HL exam practice: Deadweight loss

A New Zealand tourism and exchange-rate extract shows a price floor that reduces trades from 115 to 82. Explain the welfare consequence. Enter the answer and choose the interpretation that best matches the HL economic evidence.

Worked practice: economic evidence and answer

Identify the economic evidence first, then state the result and interpretation.