A-LevelEconomicsThe price system and the microeconomy9708/32 · Feb/Mar 2018 · Q171 Mark

What will increase the power of a trade union, allowing it to increase wages without reducing the employment of its members in a particular industry? A The economy is experiencing a fall in the price of capital. B The economy is experiencing rising employment. C The price elasticity of demand for the industry's goods is equal to 1. D The price elasticity of demand for the industry's goods is greater than 1.

Mark scheme

Marking points from the official mark scheme (Feb/Mar 2018). The mark or mark type is shown in brackets.

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Feb/Mar 2018 Paper 3 Variant 2, question 17.

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