Demand for live theatre performances rises. At the same time, television studios raise the wages they pay for similar technical work, which stage technicians could do instead.
Which effect on the labour market for theatre stage technicians cannot be predicted from this information?
The direction of the shift in theatres’ demand for stage technicians
The direction of change in the equilibrium wage for stage technicians
The direction of change in stage technicians’ equilibrium employment
The direction of the shift in stage technicians’ supply of 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.