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The Labour Supply Curve is Given as Ns = -10 + 4W and Labour Demand is Nd = 300 - W. Find the market equilibrium

The Labour Supply Curve is Given as Ns = -10 + 4W and Labour Demand is Nd = 300 - W. Find the market equilibrium and find the five defined ratios explaining the unemployment characteristics if working age population is 300. Find the ratios if government sets a minimum wage at 20% above the equilibrium wage.

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