Table 1 shows the demand for and supply of theatre ushers in a city at different hourly wages.
| Hourly wage | Quantity of labour demanded | Quantity of labour supplied |
|---|---|---|
| £12 | 600 workers | 300 workers |
| £13 | 500 workers | 400 workers |
| £14 | 450 workers | 450 workers |
| £15 | 300 workers | 600 workers |
How many theatre ushers will be employed when this labour market is in equilibrium?
300 workers
400 workers
450 workers
500 workers
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.