Consider the accompanying figure representing the labor market below. Suppose the government passes a minimum wage requiring employers to pay at least $8.00 per hour. 
As a result of the imposition of the minimum wage, total economic surplus falls by ________ per day
Definitions:
William James
A pioneering American psychologist and philosopher known for his theories on pragmatism and functionalism.
Building Blocks
Fundamental components or elements that form the basis of a structure, system, or concept.
Psychological Approach
A method or perspective for understanding behavior and mental processes through psychological principles and theories.
Immediate Experience
Direct, unmediated interaction with the environment or a situation.
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