In a rural neighborhood, the aggregate labor supply curve is given by Ls = 40 + 10 while the aggregate labor demand by Ld = 160 10, where is the hourly wage rate. Suppose a new firm builds a major processing site in in the rural town after the decrease in the equilibrium wage. As a result, the aggregate labor supply curve is and the new aggregate labor demand curve is now Ls = 20 + 10 and the new aggregate labor demand curve is now Ld = 180 10. a. Calculate the new equilibrium level of employment and wage. b. If a worker in this market works an 8-hour day and plans to spend the entire day's income to buy BTS memorabilia at about $20 a piece, what is the worker's real wage in terms of BTS trinkets?