Table $4-4$

$\backslash$table$[[\backslash$table$[[$Hourly Wage$],[($dollars$)]],\backslash$table$[[$Quantity of$],[$Labor$],[$Supplied$]],\backslash$table$[[$Quantity of$],[$Labor$],[$Demanded$]]],[$$$8\mathrm{.}00,350,000,390,000],[8\mathrm{.}50,360,000,380,000],[9\mathrm{.}00,370,000,370,000],[9\mathrm{.}50,380,000,360,000],[10\mathrm{.}00,390,000,350,000],[10\mathrm{.}50,400,000,340,000]]$

Table $4-4$ shows the demand and supply schedules for the low$-$skilled labor market in the city of Westover.

Refer to Table $4-4.$ What is the equilibrium hourly wage $(W^{**})$ and the equilibrium quantity of labor $(Q^{**})?$

$W^{**}=$$$8\mathrm{.}50$;$Q^{**}=360,000$

$W^{**}=$$$8\mathrm{.}50$;$Q^{**}=380,000$

$W^{**}=$$$9\mathrm{.}00$;$Q^{**}=370,000$

$W^{**}=$$$9\mathrm{.}00$;$Q^{**}=740,000$