Exam (elaborations)
Edexcel A Level Microeconomics Exam 2024 Questions With Complete solutions!
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Factors influencing demand for labour - ANSWERSDemand for final product - if rise in output > increase in productivity Relative productivity of labour to capital - substitution effect £3,000 subsidy for hiring unemployed 18-24 y.o. = half UK's youth minimum wage Factors influencing suppl...
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