2. The demand and supply schedules for unskilled labor are given in the table below: __ Wage Quantity Wage Quantity Demanded Su I lied $6.50 1,000 $6.50 1,900 $6.00 1,200 $6.00 1,800 a. Find the equilibrium wage and number of workers hired. b. Suppose that a new law is passed requiring employers to pay an unemployment insurance tax of $1 .50 per hour for every employee. What happens to the equilibrium wage rate and number of workers hired? How is this tax burden distributed between employers and workers? Give numbers! ! Hints: Recall that rms make up the demand curve for labor and workers make up the supply curve for labor. Thus, a tax paid for by employers is a tax on buyers of labor. Do this problem exactly as we did in class. Plot the Supply and demand curves, shift the demand curve down by the amount of the tax, nd the new equilibrium price and quantity, and use the new equilibrium to gure out how the tax is split between buyers and sellers. c. Now, suppose that rather than being paid by employers, the tax must be paid by workers. How does this affect the equilibrium wage rate and number of workers hired? How is this tax burden distributed between employers and workers? Give numbers! Hint: Graph the supply and demand curve exactly as we did in class. Now, the tax is being paid for by sellers. d. Does it matter who is statutorily liable for the tax