In this market, the equilibrium wage isper hour, and the equilibrium quantity of labor ishundred workers.Suppose the mayor of Combopolis introduces a legal minimum wage of $6 per hour. This type of price control is called aFor each of the wages listed in the following table, determine the quantity of labor demanded, the quantity of labor supplied, and the direction of pressure exerted on wages in the absence of any price controls.Wage(Dollars per hour)128Labor Demanded(Hundreds of workers)Labor Supplied(Hundreds of workers)Pressure on WagesTrue or False: A minimum wage above $10 per hour is a binding minimum wage in this labor market.? True? False

dule Four Quiz 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 ? 20 Market for Labor in the Fast Food Industry Wage 6 16 (Dollars per hour) Supply Labor Demanded 900 Labor Supplied (Hundreds of Hundreds of workers) workers) WAGE (Dollars per hour) Demand 90 180 270 380 450 540 830 720 810 900 LABOR (Hundreds of workers)