A-LevelEconomicsThe price system and the microeconomy9708/32 · Feb/Mar 2019 · Q141 Mark

In which labour market diagram is the economic rent of workers greatest? [Four diagrams (A, B, C, D) showing wage and labour axes; supply (S_L) and demand (MRP_L) curves with equilibrium wage W* and labour L*.]

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Mark scheme

Marking points from the official mark scheme (Feb/Mar 2019). 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 2019 Paper 3 Variant 2, question 14.

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