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A-LevelEconomicsThe price system and the microeconomy9708/31 · Oct/Nov 2019 · Q161 Mark

The diagram shows the initial position of a labour market. [Figure 16.1] The government increases the number of statutory paid holidays to which workers are entitled from 10 days a year to 15 days a year. How will this affect the supply and demand curves in the diagram? employers' demand curve workers' supply curve A shifts to left shifts to right B shifts to left shifts to left C shifts to right shifts to right D shifts to right shifts to left

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Mark scheme

Marking points from the official mark scheme (Oct/Nov 2019). The mark or mark type is shown in brackets.

  1. [1] Correct option: A

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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 2019 Paper 3 Variant 1, question 16.

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