draw a supply curve of labor. With this set of data. Vertical: dollars per hour, $7.50 $10 $12.50 $15 $17.50 $20 $22.50 $25 Horizontal: number of hours per week you are willing to work at each pay rate 10 15 20 25 30 35 40 45 On the vertical axis put dollars per hour, on the horizontal axis put number of hours per week you are willing to work at each pay rate. Draw the supply curve and label it as S1 (5 points) Mark 3 points on the supply curve and show for each point corresponding values on the two axis. (5 points) 2. Now imagine that you receive a scholarship of $3,000 per month paid conditional on you being a full time student and maintain 3.5 GPA. Will your supply of labor change? Please show the change on the graph. (10 points)