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1.6 The labour market (A-level only)

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Question 2

An increase in the statutory wage floor is often introduced to raise the total earnings of low-paid employees. This policy is most likely to achieve this objective if the price elasticity of demand for labour in those occupations is

elastic.

inelastic.

perfectly elastic.

unitary elastic.

1.6 The labour market (A-level only) Questions

  1. A Level
  2. /Economics
  3. /1.6 The labour market (A-level only)