O-LevelEconomicsThe allocation of resources2281/11 · May/June 2021 · Q111 Mark

The diagram shows the demand for and supply of labour in an industry. The original equilibrium is X. A trade union then negotiates a wage rate of W. What identifies the change in employment? [Figure 11.1]

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.

AOR

BOT

CRS

DRT

✓ Correct answer

C: RS

Oracle Prep sorts past-paper questions by topic, so you can drill The allocation of resources and see which topics are most likely to come up next.

Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2021 Paper 1 Variant 1, question 11.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content