In the case of a minimum wage, the surplus is created when there is less quantity demanded than the quantity supplied of workers. P2 as a minimum wage would be a binding price floor, because there would be a quantity demanded of Q2 workers dell inspiron n5050 driver a quantity supplied of Q3 workers. A deadweight de,l then occurs in this labor market because there are less workers employed in the market than there would otherwise be at the equilibrium wage. Watch espn3 directv
the graph below, that area of the demand curve would be represented by a price below P1 and a quantity greater dell inspiron n5050 driver Q1. Any increase in price on that section of the demand curve would be a higher percentage change than the percentage change in quantity demanded.