The wage for warehouse workers is below the market equilibrium wage. What is most likely at this wage?
An excess supply of labour because more firms want workers
No unemployment because wages are low
Excess demand for labour because employers want more workers than are available
The supply and demand curves both shift right
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.