Figure 6-9 A graph of price, P, versus quantity, Q, shows a supply curve, S, rising linearly from (0, 0) to (10, 10), and a demand curve, D, descending linearly from (0, 10) to (10, 0). The curves intersect at (5, 5). A third line, P = 3, intersects Curve S at point (3, 3), and Curve D at point (7, 3). A fourth line, P = 7, intersects Curve S at point (7, 7), and Curve D at point (3, 7). Refer to Figure 6-9. In this market, a minimum wage of $7.00 is a. nonbinding and creates a labor shortage. b. nonbinding and creates neither a labor shortage nor unemployment. c. binding and creates a labor shortage. d. binding and creates unemployment