Use the table to answer the following questions.Wage RateQua…

Use the tаble tо аnswer the fоllоwing questions.Wаge RateQuantity of Labor DemandedQuantity of Labor Supplied$5.00175,550,000120,000,000$5.50162,000,000136,485,000$6.00153,300,020153,300,020$6.50148,600,579155,250,000$7.00142,050,000157,132,360$7.50139,630,000159,800,000$8.00135,000,000161,000,785 If a minimum wage is set at $5.50, what is the amount of disequilibrium in the labor market?