If the government restricts immigration of labour whilst setting a minimum wage. what will be the new equilibrium from the original which was at X
B
What is the extent is of disequilibrium in the market at a price of $2.50
Supply exceeds demand by 400,000 tonnes
What is the price elasticity of supply when the price rises from $10 to $12?
2
The diagrams show Italy’s unemployment rate and GDP per head.
B
Identify the graph
Backward bending supply curve of labour indicating that after a certain wage people prefer leisure to work
A government has a target of keeping inflation between 2% and 3%. The diagram shows the rate of inflation over a four-year period.
D
What is indicated by A, B and C
Economies of scale, Minimum efficient scale, diseconomies of scale
identify the tax amount, the amount the producers pay, the amount the consumers pay, the revenue before tax and the revenue after tax
200*6; 100*6; 100*6; 400*8, 300*6
