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a. Suppose the minimum wage is above the equilibrium wage in the market for unskilled labour. Using a supply-and-demand diagram of the market for unskilled

a. Suppose the minimum wage is above the equilibrium wage in the market for unskilled

labour. Using a supply-and-demand diagram of the market for unskilled labour, show the market wage, the number of workers who are employed, and the number of workers who are unemployed. Also show the total wage payments to unskilled workers. (5

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