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IB Economics Topic 2.6 Elasticity of Supply Notes & Questions (SL/HL) | RevisionDojo

IB
2.6 Elasticity of Supply

IB Economics 2.6 Elasticity of Supply

IB Economics Topic 2.6 Elasticity of Supply (SL/HL) covers syllabus content. Use these notes, questionbank, videos, flashcards, and lessons to review the topic, practise exam questions, and move between notes, videos, flashcards, and lessons where available.

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What this topic covers

2.6.1 Price Elasticity of Supply (PES)

2.6.2 Why PES for Primary Commodities Is Lower than for Manufactured Products (HL Only)

2.1 Demand

2.2 Supply

2.3 Competitive Market Equilibrium

2.4 Critique of the Maximizing Behaviour of Consumers and Producers (HL Only)

2.5 Elasticities of Demand

2.6 Elasticity of Supply

2.7 Role of Government in Microeconomics

2.8 Market Failure - Externalities, Common Pool Resources, Public Goods, Asymmetric Information

2.9 Market Failure - Public Goods

2.10 Market Failure - Asymmetric Information (HL Only)

2.11 Market Failure - Market Power (HL Only)

2.12 The Market’s Inability to Achieve Equity (HL Only)