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2 marksWage Differentials

CAPE Economics Unit 1 · 2005 · Paper 1 · Question 14(b)(ii)

A trade union negotiates a wage rate of $22.

Calculate the number of workers who will be laid off as a result of the negotiated wage rate.

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Other parts of this question

  1. 14(a)Determine the equilibrium wage and the equilibrium number of workers employed from the diagram.[2 marks]
  2. 14(b)(i)Determine the number of workers that will be employed at a wage rate of $22.[2 marks]

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