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Economics (AS & A Level) · May / June 2025 · Paper 31 · Question 12

9708Labour market forces and government intervention

The diagram shows the impact on the labour market of the introduction of a national minimum wage (MW). What do the distances XY and YZ represent?

  1. AXY: increase in employed workers; YZ: existing workers made redundant
  2. BXY: existing workers made redundant; YZ: unemployed new entrants
  3. CXY: existing workers made redundant; YZ: increase in employed workers
  4. DXY: unemployed new entrants; YZ: existing workers made redundant

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Correct answer: B. XY: existing workers made redundant; YZ: unemployed new entrants

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