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Please help End of Chapter A.5 Question Help Suppose that you have been hired to analyze the impact on employment from the imposition of a

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End of Chapter A.5 Question Help Suppose that you have been hired to analyze the impact on employment from the imposition of a minimum wage in the labor market. Further suppose that you estimate the supply and demand functions for labor, where L stands for the quantity of labor (measured in thousands of workers) and W stands for the wage rate (measured in dollars per hour): Demand: LD = 100 - 3W Supply: LS = 7W. First, calculate the free-market equilibrium wage and quantity of labor. The competitive market equilibrium wage is $ perhour. (Enter your response as an integer.)

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