1. In 2016, Colorado voters approved Amendment 70 to increase the State and Denver's minimum wage. Since 2019, Denver's minimum wage has increased at a faster rate compared to the State's. Today, Denver's minimum wage is $17.29/hr while Colorado's is only $13.65/hr. Draw a diagram showing what effect the minimum wage increase in Denver might have on employment. Do you expect these effects to be more pronounced in the long-run or the short-run? Explain your answer. 2. Give an example of a public good (or "bad") problem that you've experienced in your life. How could government intervention solve the problem? How could the private market solve the problem? Do the same for a "common pool resource