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Question: Suppose that the free market labor supply and labor demand equations are given by Q_s = 5W and Q_...

Show transcribed image text Suppose that the free market labor supply and labor demand equations are given by Q_s = 5W and Q_d = 30 – 5W. If the minimum wage were set at $2.50 an hour, how many people would not be able to find work? Show all calculations below: 30 0 20 10 None of the above Answer: _________

Suppose that the free market labor supply and labor demand equations are given by Q_s = 5W and Q_d = 30 – 5W. If the minimum wage were set at $2.50 an hour, how many people would not be able to find work? Show all calculations below: 30 0 20 10 None of the above Answer: _________