DP Economics
Question 21M.3.HL.TZ0.1d
| Date | May 2021 | Marks available | [Maximum mark: 2] | Reference code | 21M.3.HL.TZ0.1d |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Define | Question number | d | Adapted from | N/A |
d.
[Maximum mark: 2]
21M.3.HL.TZ0.1d
(d)
The demand for Good Z is income inelastic.
Define the term income inelastic demand.
[2]
Markscheme
Examiners report
A surprising number of students made reference to a response to a change in price rather than income. The major weakness was a tendency to suggest that there would be zero change in the quantity demanded rather than a less than proportionate change.
