Skip to content

Course home

Sign up

2.7 The labour market

EasyMediumHard
12345678910111213141516171819202122232425262728293031323334353637383940414243
Question 38

At a weekly wage of £12, labour supplied is 80 workers and labour demanded is 120. At £14, both are 100. What are the equilibrium wage and employment?

[1]
A

£12 and 80 workers

B

£14 and 100 workers

C

£12 and 200 workers

D

£14 and 120 workers

Markscheme

2.7 The labour market Questions

  1. GCSE
  2. /Economics
  3. /2.7 The labour market

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.

Question bank