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Question 19N.1.HL.TZ0.a

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Date November 2019 Marks available [Maximum mark: 10] Reference code 19N.1.HL.TZ0.a
Level HL Paper 1 Time zone TZ0
Command term Explain Question number a Adapted from N/A
a.
[Maximum mark: 10]
19N.1.HL.TZ0.a

Explain two reasons why the demand for primary commodities might be price inelastic.

[10]

Markscheme

Marks should be allocated according to the paper 1 markbands for May 2013 forward, part A.

Answers may include:

  • definitions of price inelastic demand, primary commodity, demand
  • diagram to show price inelastic demand
  • explanation of why the demand for primary commodities might be price inelastic that refers to two reasons for low price elasticity of demand, such as the lack of close substitutes, high degree of necessity and low proportion of income spent on the primary commodity
  • examples of primary commodities with price inelastic demand.

Award a maximum of level 2 marks if a candidate has only explained one reason why the demand for primary commodities might be price inelastic.

Syllabus sections