1. 4.11 The Aguiar et al. (2017) study concluded that a revo lution in the video game market—better games at a lower price—dramatically increased the amount of time young men spend playing video games and shifted their labor supply curve. In 2015, young men played video games for 3.4 hours per week on aver age. From 2000 through 2015, average annual hours of work for men aged 21–30, excluding full-time stu dents, dropped by 12%. Suppose the labor demand function is L = 200- w, and the supply curve is L = 40 + w- 2V, where L is the hours worked, w is the wage, and V is a measure of the quality of video games. By how much do the equilibrium hours and wage vary as V increases? M