DP Economics
Question 21M.3.HL.TZ0.3f.ii
| Date | May 2021 | Marks available | [Maximum mark: 1] | Reference code | 21M.3.HL.TZ0.3f.ii |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Sketch | Question number | f.ii | Adapted from | N/A |
f.ii.
[Maximum mark: 1]
21M.3.HL.TZ0.3f.ii
The demand curve faced by firms in the widget industry is downward sloping.
(f.ii)
Sketch the total revenue (TR) curve for firms in the widget industry.
[1]
Markscheme
Award [1] for an accurate, labelled TR curve (must start from the origin, with ever-decreasing gradient, but need not end at the horizontal axis).
Examiners report
Generally well-answered although a significant number of candidates sketched curves which did not start at the origin.
