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N8 O Labor supply Wage (dollars per hour) 2.00- Labor demand 0.00- 0 100 200 300 400 500 600 700 800 900 1,000 Quantity of

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O Labor supply Wage (dollars per hour) 2.00- Labor demand 0.00- 0 100 200 300 400 500 600 700 800 900 1,000 Quantity of labor (employment)Consider the labor market illustrated in the figure. What is the market equilibrium? Use the point drawing tool to indicate the equilibrium wage and employment level. Label this point 'Equilibrium'. Carefully follow the instructions above, and only draw the required objects

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