3. The chart shows the market for unskilled labor. $8 NO BUGS Wage rate 0 1 2 3 4 5 6 7 8 9 Employment (thousands) a. Suppose a minimum wage of $6 per hour is enacted for unskilled labor. What would happen to the number of workers searching for jobs in this market (that is, the quantity of labor supplied)? What would happen to the number of job openings available at this higher wage rate (that is, the quantity of labor demanded)? b. Does the imposition of the minimum wage create a shortage or a surplus of labor? c. Are the workers who are able to retain their jobs at this higher wage better off or worse off? d. Are the workers who are now no longer able to find jobs at this higher wage better off or worse off