A-LevelEconomicsThe price system and the microeconomy9708/33 · May/June 2018 · Q161 Mark
A country introduces a national minimum wage (NMW) of 10 per hour. In which industry is the NMW likely to cause the most unemployment? equilibrium wage rate before NMW ( per hour) wage elasticity of demand for labour wage elasticity of supply of labour
- A8 >1 >1
- B8 <1 <1
- C9 >1 >1
- D10 >1 >1
Mark scheme
Marking points from the official mark scheme (May/June 2018). The mark or mark type is shown in brackets.
- [1] A
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