Short Question 2: (25 points) This question is about the labor supply-demand model we studied in class. A) Draw a graph with a labor supply curve and a labor demand curve (put employment on the xaxis). Explain why one curve slopes upwards and the other curve slopes downwards. What are the endogenous variables in this model? (5 points) B) The relative supply of workers with a college education has been increasing over the last few decades. Using this model, show what happens to the wage of college graduates if the supply increases? Explain the economic intuition. (6 points)