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please answer asap. first graph is 8.4 and second is 8.5 10. Using the diagram of Figure 8.4, explain what happens to voluntary and involuntary

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please answer asap. first graph is 8.4 and second is 8.5

image text in transcribed
10. Using the diagram of Figure 8.4, explain what happens to voluntary and involuntary unemployment as workers decide to individually demand higher wages for the same amount of work. Answer the same question using Figure 8.5, assuming that there is no change in the collective supply of labour. Wages Supply Involuntary unemployment B C W B A Wo A Demand L Lo Hours worked Baldwin & Wyplosz, "The Economics of European Integration. Sixth Edition" Wages Scoll Sind B C W B Wo A Lo L' Z Hours worked

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