Edexcel IGCSE Economics 1.2.5.e labour market diagrams
Practise labour-diagram questions by shifting labour supply and labelling the new wage and quantity after school-leaving-age changes.
- Syllabus
- First assessment 2019
- Course
- Economics 4EC1
Exam points
- Draw a labour supply shift and label the new wage and quantity of workers.
- Predict how school-leaving age changes affect labour supply and employment.
1.2.5.e Labour-market diagrams question 1
Figure 5 shows the labour market for a country.
Using the diagram below, draw the effect of a decrease in the school-leaving age on the labour market in this country. Label the new curve, the new equilibrium wage rate and the new quantity of workers.
Figure 5
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