Assume that the supply and demand functions for labor in Saskatoon are given by the following functions: QD = 100 - 2P, and QS = 50 + 3P. a) Find the free-market price and quantity and show them on a graph. b) Compute the consumer surplus (CS), producer surplus (PS), and total surplus (TS) and show them on the graph above. c) Suppose the government introduces a minimum wage policy, requiring the firms to pay the workers at least $14. Will there be a shortage or a surplus of labor at this price? How much is it? d) Compute the consumer surplus (CS), producer surplus (PS), total surplus (TS), and deadweight loss after the minimum wage, and show them on your graph. e) Carefully explain the effect on workers, on firms, and on the society. Which groups win and which groups loses? Explain why