What does the downward-sloping labor demand curve represent in the graph of the wage of hair stylists? The figure depicts the hourly wage in dollars on the vertical axis, and the quantity of hours of work on the horizontal axis. There is an upward-sloping line labeled the labor supply curve. There is a downward-sloping line labeled the labor demand curve. These two curves intersect at the equilibrium point. the decisions of hair salon owners the buying decisions of hair stylists the decisions of hair stylists the decisions of hair salon customers