DP Economics
Question 23M.2.SL.TZ0.2e
| Date | May 2023 | Marks available | [Maximum mark: 4] | Reference code | 23M.2.SL.TZ0.2e |
| Level | SL | Paper | 2 | Time zone | TZ0 |
| Command term | Explain | Question number | e | Adapted from | N/A |
e.
[Maximum mark: 4]
23M.2.SL.TZ0.2e
(e)
Using a demand and supply diagram, explain how government subsidies may help to keep food prices low (Text E, paragraph 4).
[4]
Markscheme
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.
Examiners report
Most students performed well on this question, successfully drawing a fully labelled diagram showing the increase in supply and decrease in price. If any marks were deducted, it was typically due to missing labels or a failure to mention the impact on the cost of production in the explanation.
