Demand Paper 1- Microeconomics

IBDP Economics SL – Microeconomics- Demand- Paper 1- Exam Style Practice Questions

Exam Style Questions..

IBDP Economic SL- All Topics

Question

Explain two factors that would lead to an increase in the demand for a product.

▶️Answer/Explanation

Answers may include:

definition of demand
diagram to show a supply and demand with a shift of the demand curve to the right
explanation of how changes to the non-price determinants of demand produce shifts in demand
examples of specific products, with reference to determinants of demand.