A-LevelEconomicsThe price system and the microeconomy9708/32 · May/June 2020 · Q171 Mark
The alternative to work is to have leisure time. The diagram shows a worker's decision of how many hours of labour to supply. [Figure 17.1]
- (a)What happens between Y and Z? A Extra leisure is preferred to work. B Extra work is preferred to leisure. C The job now requires more specific skills. D The price elasticity of supply for the final product has become more inelastic.[1]
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
Mark scheme
Marking points from the official mark scheme (May/June 2020). The mark or mark type is shown in brackets.
- [1] A
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