EcoHL P3 N04 TZ0

EcoHL P3 N04 TZ0 - ECONOMICS HIGHER LEVEL PAPER 3 Wednesday...

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Unformatted text preview: ECONOMICS HIGHER LEVEL PAPER 3 Wednesday 10 November 2004 (morning) 2 hours N04/3/ECONO/HP3/ENG/TZ0/XX c IB DIPLOMA PROGRAMME PROGRAMME DU DIPL&ME DU BI PROGRAMA DEL DIPLOMA DEL BI 88045103 8804-5103 6 pages INSTRUCTIONS TO CANDIDATES ! Do not open this examination paper until instructed to do so. ! Section A: answer one question. ! Section B: answer one question. ! Use diagrams and real-world examples where appropriate. SECTION A Answer one question from this section. Either Question 1 Read the passage below and answer all the parts of the question that follow. 50 yen burger means new price war in Tokyo McDonald&s is planning to cut the price of a hamburger from 80 yen to 59 yen in Japan. This pricing strategy is aimed at reversing a near 20 % drop in sales in recent months. But it may cause a price war among its direct competitors in the fast food business. These competitors provide a range of fast foods including traditional Chinese and Japanese dishes as well as burgers. The prices charged by some of Japan&s fast food shops for food items which are considered substitutes for McDonald&s products are shown below. 2 N04/3/ECONO/HP3/ENG/TZ0/XX 8804-5103 Cost of fast food " McDonald&s Hamburger (80 yen), Big Mac (250 yen) " Kentucky Fried Chicken One piece (200 yen), Two piece set with coleslaw (490 yen) " Yoshinoya Beef bowl (280 yen) " Mos Burger Hamburger (210 yen), Teriyaki chicken burger (290 yen) " Tenya Tendon (bowl of tempura on rice, 490 yen) " Ringer Hut Sara udon (deep-fried noodles with vegetable and meat topping, 390 yen) " Komoro Soba Plain soba (buckwheat noodles, 200 yen), Soba with tempura (300 yen) McDonald&s recent problems began with the discovery of mad cow disease in Japan last September. Many Japanese people stopped eating beef products despite the fact that McDonald&s and others in the fast food business used mainly imported beef.McDonald&s and others in the fast food business used mainly imported beef....
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This note was uploaded on 02/12/2010 for the course ECON 201 taught by Professor Smith during the Spring '10 term at Whittier.

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EcoHL P3 N04 TZ0 - ECONOMICS HIGHER LEVEL PAPER 3 Wednesday...

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