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Demand for labour

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Question 2

Which of the following changes is most likely to make the demand for labour in a particular industry more wage inelastic?

A

An increase in the price elasticity of demand for the final product

B

A technological advancement that makes it easier to substitute capital for labour

C

A decrease in labour costs as a percentage of the total costs of production

D

An increase in the time period available for firms to adjust their production methods

Markscheme

Demand for labour Questions

  1. A Level
  2. /Economics
  3. /Demand for labour

16 exam-style questions on OCR A Level Economics Demand for labour. Each one has a worked solution and a mark scheme showing where the marks go.

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