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19 marksThe Demand for and Supply of Factors

CAPE Economics Unit 1 · 2010 · Paper 2 · Question 6(a)

With the aid of a competitive labour market diagram, discuss how wage rate and employment level are determined in a labour market, including demand and supply curves, equilibrium, disequilibrium, and shifts of the curves.

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Other parts of this question

  1. 6(b)(i)Explain the role of governments in the determination of wage rates.[2 marks]
  2. 6(b)(ii)Explain the role of trade unions in the determination of wage rates.[2 marks]
  3. 6(b)(iii)Explain the role of employers' associations in the determination of wage rates.[2 marks]

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