Exemplars

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Minnesota had set a price floor for dairy products. A new bill could remove it. (Microeconomics)

May 2024
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Examiner's summary

Criterion A [3/3]:

The student included two relevant diagrams in the IA, which effectively illustrate the chosen concept of the price floor in the dairy market and the relationship between price elasticity of demand and total revenue. Each diagram is accurately labeled and reflects relevant economic concepts without any mistakes. Furthermore, the student provided clear explanations alongside each diagram, enhancing the reader's understanding of their content and relevance to the analysis of the economic implications of removing the price floor for dairy products in Minnesota.

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Criterion B [2/2]:

The student correctly uses subject-specific terminology that is relevant to the chosen article and key concept, incorporating terms such as "price floor," "equilibrium price," "producer surplus," "consumer surplus," and "allocative inefficiency." This terminology is evident throughout the entire work, demonstrating a solid understanding of the economic concepts discussed. The student effectively defines these terms and illustrates their implications on market equilibrium, particularly in the context of the dairy market in Minnesota. Additionally, the integration of relevant diagrams enhances the clarity of the analysis and supports the arguments presented.

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Criterion C [0/0]:

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Criterion D [0/0]:

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque erat felis, sagittis a orci sit amet, molestie auctor nibh. Sed suscipit molestie quam non lobortis. Pellentesque eu ultricies metus.

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Criterion E [0/0]:

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque erat felis, sagittis a orci sit amet, molestie auctor nibh. Sed suscipit molestie quam non lobortis. Pellentesque eu ultricies metus.

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Other requirements [0/0]:

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque erat felis, sagittis a orci sit amet, molestie auctor nibh. Sed suscipit molestie quam non lobortis. Pellentesque eu ultricies metus.

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This is an example of past student work. Do not copy or submit as your own. Use to understand the requirements, expectations, structure and flow.