8.*Suppose the demand and supply curves for unskilled labor in the Corvallis labor market are as shown

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8.*Suppose the demand and supply curves for unskilled labor in the Corvallis labor market are as shown in the accompanying figure. By how much will the imposition of a minimum wage at $12 per hour reduce total economic surplus? Calculate the amounts by which employer surplus and worker surplus change as a result of the minimum wage.

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