The graph shows a horizontal axis, marked as quantity in pickers, ranging from 0 to 5000 in increments of 1000 between 3000 and 5000. It has a vertical axis, marked as wage rate in dollars per hour, ranging from 0 to 10 in increments of 2. A line marked as S is drawn on an upward slope, intersecting another line marked as D which is drawn on a downward slope.
A horizontal red line is drawn parallel to the X axis, starting from Y=8. This line intersects both the supply curve and the demand curve at two points. The length between these two points is marked as “unemployment”. And the area of the graph below this line is labeled as “Illegal region”.
Another dotted vertical line is drawn parallel to the Y axis, starting from X=3000. This line intersects ...
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