Training becomes cheaper and more people qualify as plumbers, while demand for plumbers is unchanged. What is the most likely effect?
Labour supply shifts left, raising the wage
Labour demand shifts right, raising employment
The wage and employment both fall
Labour supply shifts right, tending to lower the wage and raise employment
34 exam-style questions on OCR GCSE Economics 2.7 The labour market, covering 2.7.1 Role and operation of the labour market, 2.7.2 Determination of wages, 2.7.3 Explain gross and net pay, and 2.7.4 Calculate gross and net pay. Each one has a worked solution and a mark scheme showing where the marks go.