If a minimum wage for teenagers is set at $7 an hour,
a. How many hours do teenagers work and how many hours are unemployed?
b. Demand for teenage labor increases by 500 hours a month. What is the wage rate paid to teenagers and how many hours of teenage labor are unemployed?
The table gives the demand and supply schedules of teenage labor.

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Wage rate (dollars per hour) Quantity demanded Quantity supplied (hours per month 3,000 2,500 2,000 1,500 1,000 1,000 1,500 2,000 2,500 3,000 6