A-LevelEconomicsThe price system and the microeconomy9708/32 · Oct/Nov 2017 · Q181 Mark
The diagram represents the market for labour. wage W N D S₁ 1 S2 number of workers What would be the effect on transfer earnings and economic rent of a change in the supply curve from S₁ to S2? transfer earnings | economic rent --- | --- A | fall | falls B | fall | rises C | rise | rises D | rise | falls
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Mark scheme
Marking points from the official mark scheme (Oct/Nov 2017). The mark or mark type is shown in brackets.
- [1] D
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