Veterinary practices in one city are recruiting qualified veterinary nurses. Table 1 shows the recruitment data for all the practices in the city.
| Measure | Veterinary nurses |
|---|---|
| Vacancies | 52 |
| Qualified applicants | 20 |
Using Table 1, calculate the number of veterinary nurse vacancies that cannot be filled if each applicant fills one vacancy.
Explain why the shortage calculated in part (a) may cause the practices to offer a higher hourly wage.
149 exam-style questions on AQA GCSE Economics 1.5 Competitive and concentrated markets, covering 1.5.1a The range of market structures, 1.5.1b Distinguishing between market structures, 1.5.2a Characteristics of a competitive market, 1.5.2b How producers operate in competitive markets, 1.5.2c The economic impact of competition, 1.5.3a Characteristics of a non-competitive market, 1.5.3b How producers operate in non-competitive markets, 1.5.3c Monopoly and oligopoly, 1.5.4a The labour market and wage determination, and 1.5.4b Gross and net pay. Each one has a worked solution and a mark scheme showing where the marks go.