Using a perfectly competitive labor supply and demand model, show the theoretical effect of how a binding minimum wage affects employment and wages.

Your graph should clearly label the equilibrium wage and employment level without the minimum wage and clearly label the wage and employment level with the minimum wage.

Recopy the graph from part (a) and indicate the number of workers who benefit from the minimum wage. Explain how they benefit.

Recopy the graph from part (a) and indicate the number of workers suffer due to the minimum wage. Explain how they suffer.

plz answer both are correct asap