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Provide details for answers and explanation 24. Grape pickers have labour supply given by S = 20w - 80. Vineyards who employ these workers have

Provide details for answers and explanation

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24. Grape pickers have labour supply given by S = 20w - 80. Vineyards who employ these workers have labour demand given by D = 240- 20w. The demand for wine is given by D = 4800- 200p. The supply of wine depends on the wage paid to grape pickers S = 200p - 400w. a. Provide diagrams showing labour supply and demand for grape pickers (left diagram) and the supply and demand for wine (right diagram) that illustrate and quantify equilibrium wages, employment, the price and quantity of wine. b. Next month the government plans to introduce a payroll tax of 4 dollars per hour. Use your diagrams from Part a. to illustrate and quantify how this change will affect wages, employment, the price and quantity of wine. C. The government will collect a total of dollars from this tax

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