IB skill practice

Analyse shifts in demand and supply

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

Paper 1, Paper 2 5 marks Difficulty 2

Analyse supply decrease

A school IB Economics classroom diagram reports higher production costs for firms in a market. Use a demand and supply diagram to explain the likely effect on equilibrium. 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.