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The following graph represents a hypothetical equilibrium for labor market for fast food workers

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The following graph represents a hypothetical equilibrium for labor market for fast food workers. Which of the following may occur if the employers must start paying a minimum wage of above $5? Select all that apply. You can move the orange line on the graph below to simulate various price movements, but the graph is not graded. Be sure to put either ?may occur? or ?will not occur? by each statement.

a) Labor Demand Falls

b) Producer surplus rises

c) Producer Surplus Falls

d) Total firm profits rise

e) The quantity of labor demanded rises