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Economics (AS & A Level) · May / June 2021 · Paper 32 · Question 17

9708Labour market forces and government intervention

The diagrams show the demand for and supply of labour in four markets. In which markets would labour's transfer earnings exceed its economic rent?

  1. A1 and 2
  2. B1 and 4
  3. C2 and 3
  4. D3 and 4

As printed in the paper

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Correct answer: B. 1 and 4

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