The following graph gives the labor market for the fast-food industry of the imaginary city of Combopolis. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey eld will change accordingly. Graph Input Tool 20 Market for Labor in the Fast Food Industry 18 I] Wage 16 Supply (Dollars per hour) : Labor Demanded Labor Supplied 8 14 (Hundreds of 486 (Hundreds of 360 f workers) workers) a; 12 D. E 10 - - - - - - l+ B 9 8 + + $ I ifs-mend g 5 I I 4 I I I I I I 2 I I I 0 so 150 270 360 450 540 630 720 310 900 LABOR (Hundreds 01 workers) In this market, the equilibrium wage is per hour, and the equilibrium quantity of labor is :] hundred workers. Suppose the mayor of Combopolis introduces a legal minimum wage of $8 per hour. This type of price control is called a V . For each of the wages listed in the following table, determine the quantity of labor demanded, the quantity of labor supplied, and the direction of pressure exerted on wages in the absence of any price controls. Wage Labor Demanded Labor Supplied (Dollars per hour) (Hundreds of workers) (Hundreds of workers) Pressure on Wages 6 :1 E v 14 :1 :l _v