Q#5 (10 marks) a. Define and drive labor demand curve with the help of below table? b. Why does the demand curve for labor slope down and to the right? c. Suppose price of a product is $100 per unit, how many workers would be hired if the wage per labor is $400 per week? Quantity of Labor Total Product Per Week 0 0 1 12 2 19 3 24 4 28 5 30 d. If the product's price were to increase to $200 per unit, how many workers would be hired? Good Luck