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Question 6 [2pts extra credit] Let total market demand for labor be represented by ED = 2,000 - 25w where ED is total employment and

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Question 6 [2pts extra credit] Let total market demand for labor be represented by ED = 2,000 - 25w where ED is total employment and w is the hourly wage. Total labor supply is represented by Es = 125w - 1000. Suppose the government imposes a minimum wage of $50. By how much will the total gains from trade be reduced? Enter numbers only. Fill in the blank

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