CON101: Principles of Economics A [1] My modules Management School Economics 21/22: Economics ECON101-1-2021 Test - Will be available in this section on Thursday 27 January from 12pm until 2pm _ ECON101 Week 12 Test Suppose the demand for labour is Q = 400 - 2W and the supply of labour is Q = 2W. What can we say about the relationship between economic rent and transfer earnings? of Select one: a. Economic rent is equal to transfer earnings stion . b. Economic rent is less than transfer earnings . c. Economic rent is more than transfer earnings . d. There is not enough information to answer the question Next page page