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What is labour supply?

What is labour supply?

The supply of labour is the total number of hours workers are willing and able to offer to a particular occupation at each wage rate. The wage rate is the price of labour.

3.5.2 Supply of labour Lesson

  1. A Level
  2. /Economics
  3. /3.5.2 Supply of labour

Step-by-step lessons on Edexcel A A Level Economics 3.5.2 Supply of labour. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons