Live theatre venues have scheduled more performances following a sharp rise in advance bookings. Each performance needs front-of-house assistants to check tickets and show audiences to their seats. The role requires no formal qualifications, new assistants are trained during a single shift, and many local people are looking for part-time evening work.
Analyse the likely effects on the equilibrium wage and level of employment of front-of-house assistants, using labour-market demand and supply in your answer.
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.