1. Below is the data about the market for labor in a specific economy. Wage Quantity Demanded Quantity Supplied $10 80,000 120,000 $9 90,000 110,000 $8 100,000 100,000 $7 110,000 90,000 $6 120,000 80,000 a) What is the equilibrium wage in this market and why? b) If the government imposed a minimum wage of $8, would it increase unemployment? If so, by how much? c) If the government imposed a minimum wage of $9, would it increase unemployment? If so, by how much? d) If the government imposed a minimum wage of $10, would it increase unemployment? If so, by how much