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Economics (AS & A Level) · Oct / Nov 2023 · Paper 33 · Question 11

9708Labour market forces and government intervention

The diagram shows the short-run supply curve and long-run supply curve of labour. Which area turns from economic rent in the short run to transfer earnings in the long run?

  1. AX
  2. BX + Y
  3. CY
  4. DY + Z

As printed in the paper

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Correct answer: C. Y

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