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Graph Input Tool 20 Market for Labor in the Fast Food Industry 18 Supply Wage (Dollars per hour) 16 Labor Demanded (Thousands of 300 Labor Supplied 200 14 (Thousands of workers) workers) 12 10 WAGE (Dollars per hour) Demand 0 50 100 150 200 250 300 350 400 450 500 LABOR (Thousands of workers)For each of the wages listed in the following table, determine the quantity of labor demanded, the quantity of labor su pressure exerted on wages in the absence of any price controls. Wage Labor Demanded Labor Supplied ( Dollars per hour) (Thousands of workers) (Thousands of workers) Pressure on Wages 6 14 Upward True or False: A minimum wage above $10 per hour is a binding minimum wage in this Downward True O False