Use the following to answer questions :
Figure: The Effect of a Minimum Wage 
-(Figure: The Effect of a Minimum Wage) Look at the figure The Effect of a Minimum Wage. Suppose the labor market is in equilibrium at E when the government imposes a minimum wage of WF. The quantity of labor supplied may_____, resulting in structural unemployment.
Definitions:
Excess Capacity
A situation where a company or economy can produce more goods than are being demanded, indicating underused resources.
Average Total Cost
Average total cost is the total cost of production divided by the total quantity produced, representing the cost per unit of output.
Economic Profits
The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, indicating surplus beyond the normal profit level.
Demand Curves
Graphical representations that show the relationship between the price of a good or service and the quantity demanded by consumers.
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