the tonal 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 Graph Input Tool 20 Market for Labor in the Fast-Food Industry 6 10 Supply Wage (Dollars per hour Labor Demanded (Thousands of workers 232 168 Labor Supplied Thousands of workers) WAGE(Dollars per hou) - 2010 120 100 200 240 200 200 300 LABOR (Thousands of workers) In this market the equilibrium hourly wage is and the equilibrium quantity of laboris labor in thousands. For sample, enter 100.000 for 100 thousands of workers.) workers. (Hint: Enter the quantity of Suppose a senator introduces a bill to legislate a minimum hourly wage of $12. This type of price control is called a For each of the wages hated in the following table, determine the quantity of labor demanded the quantity of labor supplied, and the direction of pressure everted on wages in the absence of any price controls. Wage Labor Demanded Labor Supplied (Dollars per hour) (Thousands of workers) (Thousands of workers) Pressure on Wages 32 A minimum wage below $10 per hour in this market will