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3) Suppose the supply of low-skilled labor is given by LS and the demand for labor is given by LD. Suppose the government sets a minimum wage of $7 per hour. Do the policy analysis of minimum wage. Fill in the following table (with numerical value). Wage 10 6 4 LD 40 50 80 Labor units No policy With minimum wage Change via Policy Wage Received Wage Paid Quantity of Labor employed Consumer Surplus (i.e., welfare of employer) Producer Surplus (i.e., welfare of workers) Total welfare Dead weight loss