complete the following table with the quantity of labor supplied and demanded if the wage is set at $15.00. then indicate whether this wage will result in a shortage or a surplus. hint: be sure to pay attention to the units used on the graph and in the table. for example, type in 100 for 100,000 workers. wage labor demanded labor supplied shortage or surplus? (thousands of workers) (thousands of workers) $15.00 750 suppose the federal government contemplates a new law that would create a national minimum wage of $15.00 per hour. which of the following statements are true? check all that apply. in this labor market, a minimum wage of $11.50 would be binding. in the absence of price controls, a surplus puts downward pressure on wages until they fall to the equilibrium. if the minimum wage is set at $15.00, the market will not reach equilibrium. binding minimum wages cause structural unemployment.
