February/March 2026 Paper 22

2026 · 5 questions · 24 parts · 90 marks

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Context for question 4
Some countries stop firms contacting their workers outside of their normal working hours. In 2024, Australia joined 16 other countries when it passed a law to protect workers’ free time. Such legislation can increase the health and motivation of workers and is supported by trade unions. However, it can reduce the price elasticity of supply of firms in both competitive and monopoly markets.
4(a)Price Elasticity SupplyEasy2 marks
Give the formula for price elasticity of supply.
4(b)Supply Labour MobilityHard4 marks
Explain two reasons why a worker may choose to work long hours.

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4(c)Market Structures ConcentrationHard6 marks
Analyse how a competitive market differs from a monopoly market.

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4(d)Wage Determination DifferentialsHard8 marks
Discuss whether or not trade union membership is likely to increase.

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