Question 23M.2.SL.TZ0.1c
| Date | May 2023 | Marks available | [Maximum mark: 4] | Reference code | 23M.2.SL.TZ0.1c |
| Level | SL | Paper | 2 | Time zone | TZ0 |
| Command term | Explain | Question number | c | Adapted from | N/A |
Using a demand and supply diagram, explain how China might have contributed to the Uruguayan soybean producers’ higher (total) revenue (Text A, paragraph 2).
[4]
Candidates who label diagrams incorrectly can be awarded a maximum of [3].
The use of P and Q on the axes is sufficient for a demand and supply diagram. A title is not necessary.
Candidates may indicate the increase in (total) revenue with shaded areas or numbers/letters in the diagram (eg a gain of total revenue of P2Q2-P1Q1 on the diagram below).
Responses often included a correctly drawn diagram depicting both price and quantity increasing. However, many candidates did not receive full marks as they didn't identify the precise area(s) for (total) revenue. This could have been accomplished through shading or referencing in the explanation (e.g. stating that P1Q1 and P2Q2 represent the old and new revenue areas). It is worth noting that this question was similar to one presented in the November 2022 paper, where candidates encountered the same challenge identifying revenue areas.
