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A-LevelEconomicsLabour MarketsMay/June 2017Paper 3 Q171 Mark

The diagram shows the supply and demand situation in a particular labour market. [Figure 17.1] When the market is in equilibrium, which areas measure the economic rent and transfer earnings received by employees?

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About This A-Level Economics Question

This structured question appeared in the Cambridge A-Level Economics (9708) May/June 2017 examination, Paper 3 Variant 2. It tests the topic of Labour Markets and is worth 1 mark.

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