The current quantity demanded of hairdressers is 40,000 , and the average salary in the labor market is $24,000 per year. Recently, several salons closed due to competition, which led to employers demanding only 30,000 hairdressers. Assuming that when quantity demanded decreases by 800 workers, the average salary will decrease by $700 , calculate the new salary in the labor market. Write the exact answer. Do not round