5. Suppose that the wage distribution for Riverside is given below:b. Assume a minimum wage law is passed that doesn’t affect the market in the high-wage sector A but boosts wages to $7/hour in...

5. Suppose that the wage distribution for Riverside is given below:b. Assume a minimum wage law is passed that doesn’t affect the market in the high-wage sector A but boosts wages to $7/hour in sector B, the covered sector, while reducing employment to 20 in that sector. Displaced workers in sector B move into the uncovered sector, C, where wages fall to $4.50 per hour as employment grows to 40. Has wage inequality risen or fallen? Does your answer change depending on the measure of wage inequality you use? (3 points)SectorNumber of WorkersWageA40$10 (per hour)B30$5C30$5