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Refer to the table found below concerning the construction industry. Wages (Dollars per Hour) Number of Carpenters Demanded Number of Carpenters Supplied $20 500 150

Refer to the table found below concerning the construction industry.

Wages (Dollars per Hour)

Number of Carpenters Demanded

Number of Carpenters Supplied

$20

500

150

$23

400

250

$26

300

350

$29

200

450

$32

100

550

a. Make a spreadsheet in Excel as shown below.

b. Refer to question #9 to graph the information in the chart found above. Your chart should include all information that you see in question #9 (part 2) of your tutorial.

c. If the government instituted a minimum wage of $30 per hour, how would this minimum wage change the employment situation in the carpenter labour market? Graph the new information with all information that you see in question #9 (part 7 ii) of your tutorial.

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