Question 11
Demand for labour and supply of labour both shift right by the amounts shown. Which conclusion is supported by the diagram?
The equilibrium wage rises and employment falls.
The equilibrium wage falls and employment remains at L₀.
The equilibrium wage remains at W₀, while equilibrium employment rises from L₀ to L₁.
Both the equilibrium wage and employment remain unchanged.
2.7 The labour market Questions
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.