Suppose government introduces a minimum in a labor market that was previously clearing at N$ 6 per hour and 120 units of labor hours. The minimum wage raises the new wage to N$7.5 per hour and the new amount of labor demanded is represented by 95 units of labor hours, while the supply increases to 150 labor hours. (i) Using a diagram analyze the impact of the minimum wage on this market. (6) (ii) How many hours of excess demand or excess supply have been created?