2021 ASSESSMENT
MATERIALS
A-level
ECONOMICS (7136)
The Labour Market .
Total number of marks: 30
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Copyright
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, Q2
All other things being equal, the demand for labour is more likely to be wage elastic if
A it is difficult to substitute capital for labour.
B the cost of labour is a low percentage of total costs.
C the final product has a high price elasticity of demand.
D the supply curve for labour is wage elastic.
[1 mark]
This study source was downloaded by 100000842568006 from CourseHero.com on 05-07-2022 15:29:15 GMT -05:00
https://www.coursehero.com/file/89883862/AQA-7136-LM-Q-AM-2021DOCX/
MATERIALS
A-level
ECONOMICS (7136)
The Labour Market .
Total number of marks: 30
Permission to reproduce all copyright material has been applied for. In some cases, efforts to contact copyright-holders may have been
unsuccessful and AQA will be happy to rectify any omissions of acknowledgements. If you have any queries please contact the
Copyright
This study Team.
source was downloaded by 100000842568006 from CourseHero.com on 05-07-2022 15:29:15 GMT -05:00
Copyright © 2021 AQA and its licensors. All rights reserved.
https://www.coursehero.com/file/89883862/AQA-7136-LM-Q-AM-2021DOCX/
, Q2
All other things being equal, the demand for labour is more likely to be wage elastic if
A it is difficult to substitute capital for labour.
B the cost of labour is a low percentage of total costs.
C the final product has a high price elasticity of demand.
D the supply curve for labour is wage elastic.
[1 mark]
This study source was downloaded by 100000842568006 from CourseHero.com on 05-07-2022 15:29:15 GMT -05:00
https://www.coursehero.com/file/89883862/AQA-7136-LM-Q-AM-2021DOCX/
