The diagram represents the market for labour. What would be the effect on transfer earnings and economic rent of a change in the supply curve from $$\(\mathrm{S}_{1}\)$$ to $$\(\mathrm{S}_{2}\)$$ ?
A.
B.
C.
D.
Exam No:9708_w24_qp_33 Year:2024 Question No:14
Answer:
D
Knowledge points:
8.3.1 demand for labour as a derived demand
8.3.2 factors affecting demand for labour in a firm or an occupation
Solution:
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