The graph shown displays a competitive market that is currently offering a wage more than P*. Which of the following statements is true about this market? 
Definitions:
Intrinsic Religiosity
A personal commitment to religious beliefs and practices that are deeply internalized and influence one's life and behavior.
Unofficial Requirement
An expectation or condition that is not formally articulated but is understood and followed in practice.
Christian
Pertaining to the religion based on the life and teachings of Jesus Christ, emphasizing love, redemption, and the relationship between God and humans.
Simulacrum
An image or representation of someone or something, often referring to a copy without the original's substance or qualities.
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