◈ Oracle PrepSign Up Free
A-LevelEconomicsThe price system and the microeconomy9708/31 · Oct/Nov 2017 · Q161 Mark

What would help a trade union to negotiate an increase in the wage rates of its members without causing a reduction in the numbers employed?

  1. A Labour costs are a major proportion of total costs. B The demand for the labour employed is elastic. C The demand for the good produced is elastic. D The demand for the good is increasing.[1]

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2017). The mark or mark type is shown in brackets.

  1. [1] D

Write your answer and get it marked

On Oracle Prep you can write or photograph your own answer and have it marked by AI against this mark scheme, with feedback on what you missed.

Sign up free →

About this question

Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source
A-Level Economics, Oct/Nov 2017 Paper 3 Variant 1, question 16.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Economics questions

The price system and the microeconomyFeb/Mar 20171m

Which is an internal economy of scale?

The price system and the microeconomyFeb/Mar 20171m

When a firm doubles its variable inputs, its fixed inputs are unchanged and output less than doubles. What does this …

The price system and the microeconomyFeb/Mar 20171m

Which practices would be classified as price discrimination?

Government microeconomic interventionFeb/Mar 20171m

Which circumstance is not likely to represent a strong case for an industry to be nationalised?

The macroeconomyFeb/Mar 20171m

How does a rise in the price of factors of production affect the aggregate supply (AS) curve?

The macroeconomyFeb/Mar 20171m

Relative weights are used in calculating the index of retail prices to reflect the different

← Browse all past-paper questions

© 2026 Oracle Prep