Recent content by luckyscar

  1. luckyscar

    IB Micro Economics, PED (price elasticity of demand) and Firms

    Homework Statement What is it: Practice Paper 1 b question for SL Economics IB Question: Discuss why it may be important for a firm to have a knowledge of price elasticity of demand. PS: It isn't stated explicitly to use a diagram, but my understanding is all Paper 1 questions need to be...