Hello, can I please get assistance with the following questions:

2 . Minimum wage legislation The following graph gives the labor market for the fast-food industry of the imaginary city of Combopolis. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool Market for Labor in the Fast Food Industry Supply Wage (Dollars per hour) Labor Demanded 120 Labor Supplied (Hundreds of Hundred's of workers) workers) WAGE (Dollars per nour) 20 40 60 60 100 120 140 180 180 200 LABOR (Hundreds of workers) In this market, the equilibrium wage is $ per hour, and the equilibrium quantity of labor is [ hundred workers. Suppose the mayor of Combopolis introduces a legal minimum wage of $8 per hour. This type of price control is called a tax price floor For each of the wages listed in the following table, determine the quantity of labor demanded, the quantity of labor supp price ceiling fection of pressure exerted on wages in the absence of any price controls quota Wage Labor Demanded Labor Supplied (Dollars per hour) (Hundreds of workers) (Hundreds of workers) Pressure on Wages 14 True or False: A minimum wage above $10 per hour is a binding minimum wage in this labor market. O True False