Discussion Paying Outside of Equilibrium Week 3 Discussion Paying Outside of Equilibrium Paying Outside of Equilibrium A challenge often faced by markets is to find equilibrium and settle down on an equilibrium quantity and price. In the labor markets, this means it may take time to figure out what the true equilibrium wage is for a given market, and in the real world, we see some markets that seem to have continuous shortages of labor, while others have continuous surplus of labor. In this discussion, your task is to: 1. Think about and explain 1 benefit and 1 drawback for a market paying above equilibrium wage. 2. Think about and explain 1 benefit and 1 drawback for a market paying below equilibrium wage