A food-packaging firm records the following changes:
| Measure | Before | After |
|---|---|---|
| Packages produced per worker per week | 800 | 1,000 |
| Price of a packaging machine | £24,000 | £20,000 |
Explain the likely overall effect of these changes on the firm's demand for labour.
80 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.