Question 2 (8 points) Consider the following labor market. Wage Labour Demand Labour Supply ($ per hour) (Million Workers) (Million Workers) 25 25 17.5 30 20 18.5 35 19 19 40 18 20 45 17 25 (a) Find the equilibrium wage and employment. (b) What is unemployment rate in the equilibrium you found in (a)? (c) Assume that the government sets a minimum wage at 5 dollars higher than the equilibrium wage. What is the unemployment rate in this case? (d) Assume that the government sets a minimum wage at 5 dollars lower than the equilibrium wage. What is the unemployment rate in this case