Question 2 0.3 pts Before the wage changes, how do the supply and demand of labor compare? In your written notes, graph the labor market, label axes and curves, show what happened in Q1, and how at the same old price supply is now different from demand. O quantity of labor supplied has increased to exceed the quantity of labor demanded O quantity of labor demanded has increased to exceed the q supplied O quantity of labor supplied has decreased to fall below the quantity of labor demanded O quantity of labor demanded has decreased to fall below the q supplied Question 3 0.3 pts As the labor market adjusts the ware to match supply to demand, how do the equilibrium wage and number of jobs change on the labor market? Written work optional for this one. wage increases, the number of jobs increases wage decreases, the number of jobs decreases wage increases, the number of jobs decreases wage decreases, the number of jobs decreases