Solve clearly

Supply $8 - Eo 5 - Demand 50 70 90 Quantity of Labour Consider the above figure. Suppose there is a minimum wage of $8 in the labour market that creates a surplus equal to the distance ab. What is another name for this surplus? a. excess demand b. equilibrium C. unemployment d. employmentRefer to the above gure. What are the prices for buyers and sellers after the tax is imposed? a. Buyers pay Qand sellers receive P1. b. Buyers pay and sellers receive P1. c. Buyers pay Eand sellers receive P0. d. Buyers pay Eand sellers receive P1. Price Pa P2 PA C Q1 Q2 Quantity Refer to the above figure. What is the price paid and quantity supplied after the tax? a. P1 and Q1 b. P2 and Q2 C. P3 and Q1 d. P2 and Q1