The graph on the right shows a labor supply and labor demand curve. 14 Illustrate the impact of union pay that pushes the wage to $9 per hour. 13- 12- 1.) Using the point drawing tool, place a point on the graph that illustrates the market-clearing wage and quantity of labor. Label your point 'Market clearing.' 11- 10- 2.) Using the point drawing tool, place a point on the graph that illustrates the quantity of labor demanded under union pay that results in a wage of $9 per hour. Label your point 'A.' 9- Labor supply 8- 3.) Using the point drawing tool, place a point on the graph that illustrates the quantity of labor supplied under union pay that results in a wage of $9 per hour. Label your point 'B.' Wage 7- 6- 5- Carefully follow the instructions above and only draw the required objects. 4- The quantity of labor supplied at the market-clearing wage is of $9 is thousand. thousand, and the quantity of labor supplied at union pay 3- Labor demand 2- . 1- O A. 5.5; 9. 0- 2 OB. 9; 11. 3 4 5 6 7 8 9 10 11 12 13 14 Quantity of labor (thousands) O C. 5.5; 2. OD. 2; 9. The quantity of labor demanded at the market-clearing wage is union pay of $9 is thousand. thousand, and the quantity of labor demanded at O A. 5.5; 2. OB. 5.5; 9. O c. 2; 9. OD. 9; 11. unemployment equal to Using your graph, the introduction of union pay of $9 per hour leads to thousand