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The following graph shows the labor market in the fast-food industry in the fictional town of Supersize City. Use the graph input tool to help

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The following graph shows the labor market in the fast-food industry in the fictional town of Supersize City.

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 field will change accordingly.

Choices :

This type of price control is called a : quota, tax, price ceiling, price floor

pressure on wages: upward or downward

image text in transcribed
Graph Input Tool 20 Market for Labor in the Fast Food Industry 15 | Wage 3 16 (Dollars per hour) a: Labor Demanded 45 Labor Supplied 200 3 14 (Thousands of (Thousands of 5 workers) workers) a) 12 Q E 10 '0 Q a 3

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