The diagram shows the supply of and the demand for workers in the car manufacturing industry. A trade union successfully negotiates a wage increase from $$\(W_{1}\)$$ to $$\(W_{2}\)$$. What is the likely impact on the level of employment?
A.
fall from \(L_{1}\) to \(L_{2}\)
B.
fall from \(L_{3}\) to \(L_{2}\)
C.
rise from \(L_{1}\) to \(L_{3}\)
D.
rise from \(L_{2}\) to \(L_{3}\)
Exam No:9708_w24_qp_33 Year:2024 Question No:12
Answer:
A
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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