A-LevelEconomicsThe price system and the microeconomy9708/32 · May/June 2017 · 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?

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? economic rent transfer earnings A JLN OKLJ B JML OKLJ C NML OKLM D OKLM NML[1]

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Mark scheme

Marking points from the official mark scheme (May/June 2017). 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, May/June 2017 Paper 3 Variant 2, question 17.

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