Demand for construction falls while more qualified electricians enter the labour market. What can be concluded about the market for electricians employed in construction?
The wage rises, while employment is uncertain
Employment rises, while the wage is uncertain
The wage falls, while the effect on employment depends on the relative size of the shifts
Both the wage and employment must fall
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.