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Price FloorsAn Efficiency Analysis Exercise 2 The table below shows the market for labor for introductory positions in a large city. Quantity of Quantity of

Price FloorsAn Efficiency Analysis Exercise 2 The table below shows the market for labor for introductory positions in a large city. Quantity of Quantity of Hourly Wage Labor Labor [dollars] Demanded Supplied (Hours) (Hours) :m :eo :so i I a II 70 II so I 1 II so II 20 I 5 II go II 10 \fUsing the graph above, shade in the deadweight loss when a price floor of $17 is imposed in the market for labor, and then show and calculate the amount ofthe deadweight loss. Instructions: Use the tool provided \"DWL\" to illustrate this area on the graph. Deadweight loss: $

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