Assume that the labor demand equation for a fictional country is: Ld=1202w, where w is the wage per hour worked and Ld is the number of workers demanded by firms. Assume also that the labor supply equation for that country is: Ls=0.5(m) where Ls is the number of people willing to work. Instructions: Round your answers to the nearest whole number. a. The equilibrium wage is \$ and the equilibrium quantity of labor employed is workers. b. At the equilibrium wage, people are unemployed. c. If the supply of workers increased, the number of unemployed would: stay the same as long as the wage is free to quickly adjust. increase. decrease