IB skill practice

Analyse demand, supply, and market equilibrium

Economics SL skill with original exam-style diagram and data-response seeds.

Paper 1, Paper 2 5 marks Difficulty 2

Explain excess supply

A Sydney transport case study reports unsold stock after firms set a price above equilibrium. Explain the market pressure created by this price. Enter the answer and choose the interpretation that best matches the economic evidence.

Worked practice: economic evidence and answer

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