Hi there, so I have a particular question and really struggling and need help. Not sure how to answer it and confused on the law of supply and demand.

The question:

The minimum wage in New Zealand in 2019 was $17.70 per hour. Now imagine that, in 2020, the government has passed a new policy that decreases the minimum wage to $14.00 per hour. In the "Law" portion, explain the Laws of Demand and Supply. In the "Application" portion, explain how these laws apply to the labour market. Use clear writing to describe how various market outcomes, such as the number of workers employed and shortage / surplus of workers, change from 2019 to 2020.