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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.

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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. 09018027036045054063072081090020181614121086420WAGE (Dollars per hour)LABOR (Thousands of workers) Demand Supply Graph Input Tool Market for Labor in the Fast Food Industry 6 Wage (Dollars per hour) Labor Labor Supplied Demanded (Thousands of (Thousands workers) of workers) In this market, the equilibrium hourly wage is $10 and the equilibrium quantity of labor is 450 thousand workers. Points: 1/1 Close Explanation Explanation: The equilibrium hourly wage and quantity of workers occur at the intersection of the demand and

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