A-LevelEconomicsLabour MarketOct/Nov 2017Paper 3 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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