10. In September of 2018, a coalition of labour unions and anti-poverty activists launched a campaign calling on the Government of Manitoba to increase the minimum wage to $15 per houn a. What are some of the reasons such groups or others might put forward for raising the minimum wage? Using a supply and demand diagram, illustrate the impact ofan increasing in the minimum wage to $15 on the market for low/unskilled labour. Assume that the current minimum wage is so low that it is not binding, and that the market is currently in equilibrium at a wage of $12 per hour. Clearly label the wage and quantity of labour supplied and demanded before and after the implementation of the 155 minimum wage. Use words (compete sentences) to explain your graph. What are the implications in this standard supply and demand framework regarding involuntary unemployment after the implementation of the minimum wage? What are the key underlying assumptions that generate this unemployment result (i.e. what are the assumptions of Perfect Competition)? Surveys of economists overtime have shown a growing proportion of economists disagreeing with the statement: \"minimum wages increase unemployment among young and unskilled workers\". Why might some economists not think minimum wages will increase unemployment