-In the above figure, without a minimum wage, the equilibrium quantity of labor employed ________ million hours, and the equilibrium wage rate is ________ per hour.

Name: -In the above figure, without a minimum wage, the equilibrium quantity of labor employed ________ million hours, and the equilibrium wage rate is ________ per hour.
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The equilibrium quantity of labor and wage rate are determined where the supply and demand curves intersect, which is at 200 million hours and $12 per hour.

-In the Above Figure, Without a Minimum Wage, the Equilibrium