O Levels Economics (2281)•2281/11/M/J/18

Explanation
Labor Market Demand for Lecturers
Steps:
- Identify wages as determined by supply and demand in the labor market for lecturers.
- Consider how each option affects demand for lecturers or supply of labor.
- Evaluate shifts: increased student demand raises lecturer demand, while others impact supply or unrelated factors.
- Select the option that directly boosts lecturer demand, leading to higher wages.
Why D is correct:
- Increased student demand for university shifts the demand curve for lecturers rightward (law of supply and demand), raising equilibrium wages.
Why the others are wrong:
- A: Tuition fee increases may fund universities but do not directly increase lecturer demand.
- B: Fringe benefits are non-wage compensation, not affecting base wages.
- C: Shorter training increases lecturer supply, lowering wages via leftward supply curve shift.
Final answer: D
Topic: Demand
Practice more O Levels Economics (2281) questions on mMCQ.me