In Australia, all workers are entitled to a minimum wage. Without a minimum wage system, workers would likely be paid a lower amount of wages for their work. Assume now that Country Z would like to learn from Australia and introduce a new minimum wage across the country. Answer the following questions: a. The minimum wage imposed by Country Z would likely result in an increase or decrease in consumer (employer) surplus? Type | for Increase, D for Decrease. b. Without the minimum wage imposed, it is known that the labour market in Country Z will be at equilibrium with a price (wage) ofSlO per hour and a quantity of 8.25 million workers. Country Z plans to introduce a minimum wage of S20 per hour. It is estimated that this will cause employers to hire less, reducing the quantity demanded to 6.6? million workers. On the other hand. workers are happy with a higher minimum wage and will be willing to supply more hours of work. However, as employers are only willing to hire a limited amount of workers (with the high minimum wage), not all workers are hired, resulting in a deadweight loss. Given that the willingness to supply (work) for workers is $6 per hour when quantity is at 6.6? million workers. the deadweight loss created by the minimum wage is S $ million. Answer in millions to two decimal places. c. If Country Z did not increase its minimum wage in line with persistently increasing inflation, in 10 years time the wage received by a worker is likely to be? . Type B for Below the clearing price, A forAt the market-clearing price, F for Further above the market-clearing price or N for Need more information