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of 19 Suppose the table represents the labor market of Palau. Wage ($/hour) Quantity of Labor Demanded (# of workers) Quantity of Labor Supplied (#

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of 19 Suppose the table represents the labor market of Palau. Wage ($/hour) Quantity of Labor Demanded (# of workers) Quantity of Labor Supplied (# of workers) 7.00 38,000 34, 000 7.50 36, 000 36,000 8.00 34,000 38, 000 8.50 32, 000 39, 000 9.00 30,000 40, 000 If Palau enacts a minimum wage of $9.00 per hour, the labor market will experience O a shortage of 10,000 workers. O a shortage of 6,000 workers. O neither a shortage nor a surplus since the minimum wage is not binding. O a surplus of 10,000 workers. O a surplus of 4,000 workers

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