Region A has the following labor demand and supply

W = 400 - N

W = 40 + 2N

1. Find equilibrium price and quantity.

2.As the result of an increase in demand for export goods, demand for labor increases by 24 at each alternative wage level, and the industry multiplier is 1.5, calculate percentage change in Direct labor.

3. Calculate Ed,p and Es at initial equilibrium

4. Calculate percentage change in wage due to the change mentioned in 2

5. Calculate percentage change in N

6. If the region improved its public service and has a net increase in labor supply of 24 workers at each alternative wage, calculate percentage change in W and N