what is the equilibrium wage and equilibrium quantity of workers that will be hired in this particular labor market? suppose the government imposes a minimum wage in this market at $8 per hour. what would happen in this market as a result of the new minimum wage? suppose that the government decides to increase the minimum wage to $20 (a $12 increase). what would happen in this market as a result of the increase in the minimum wage? The equilibrium wage is $12 and the equilibrium quantity of workers that will be hired is 150 workers