ZIMSEC O-Level Economics

6.4.3Demand for and supply of labour; wage determination

Demand for and supply of labour; wage determination in ZIMSEC O-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.

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Learning objectives

What the syllabus expects you to be able to do.

6.4.3.1Form 3: explain derived demand for labour and the factors affecting the demand for and supply of labour.
6.4.3.2Form 4: explain how wages are determined in labour markets.

Lessons

Demand for and supply of labour: how wages are determined
30 min
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Sample question

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Demand for and supply of labour; wage determination: sample question

The table shows the weekly labour market for kombi drivers in a fictional city.

Weekly wage (US$)	Drivers demanded	Drivers supplied
30	1,000	700
35	950	800
40	900	900
45	850	1,000
50	800	1,100

What is the equilibrium weekly wage?

Choose one answer

AUS$35
BUS$45
CUS$50
DUS$40

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