The accompanying graph depicts a market for labor. What is the equilibrium wage and equilibrium quantity of workers that will be hired in this particular labor market? Suppose the government imposes a...

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 $4 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 $10 (a $6 increase). What would happen in this market as a result of the increase in the minimum wage?