Time left 0:58:34 Figure 9.2, U.S. Labor Market Figure 9.2 represents the U.S. labor market. Assume that labor and capital are the only factors of production. Also assume the mitial supply schedule of labor is denoted by So and consists entirely o native U.S. workers. The demand schedule of labor is denoted by Do. Hourly Wage/ S 18 So S 12 9 Do Quantity cl Labor Consider Figure 9.2; at labor market equilibrium, workers are hired at a wage rate of $__per hour, while total wages equal _ Select one O a. 2, $12, $24 O b. 2, $12, $36 O C. 3, $9, $27 O d. 3, $9, $36 Clear my choice