DP Economics
Question 19M.3.HL.TZ0.i
| Date | May 2019 | Marks available | [Maximum mark: 1] | Reference code | 19M.3.HL.TZ0.i |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Draw, Label | Question number | i | Adapted from | N/A |
i.
[Maximum mark: 1]
19M.3.HL.TZ0.i
A music concert is to take place in Country Z. 40 000 tickets are available for the concert. Figure 3 shows the demand (D) for tickets at this concert.
Figure 3
Draw and label the marginal revenue (MR) curve for the concert on Figure 3.
[1]
Markscheme
Award [1] for an accurate, labelled marginal revenue (MR) curve.
Examiners report
The majority of candidates were able to draw a downward-sloping MR curve with double the slope of the demand curve, intersecting the vertical axis at $300, but a common error was for the curve to intersect the horizontal axis at 40 000 (the number of tickets available) rather than 30 000.
