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 5

HL exam practice: Shortage size

A regional health-care policy brief sets a maximum price below equilibrium. At that price, quantity demanded is 134 and quantity supplied is 85. Calculate the shortage. 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.