The table to the right shows the demand and supply schedules for the labor market in the city of Pixley. Qua Hourly Wage Quantity of If a minimum wage of $12.50 an hour is mandated, what is the quantity of labor demanded? (dollars) Labor Supplied Dem $7.50 530,000 650 O A. 80,000 8.50 550,000 630 9.50 570,000 610 O B. 550,000 10.50 590,000 590 O C. 630,000 11.50 610,000 570, 12.50 630,000 550, O D. 1,180,000