Question: 1. 4.8 Suppose the demand function for carpen ters is Q = 100- w, and the supply curve is Q = 10 + 2w- T,

1. 4.8 Suppose the demand function for carpen ters is Q = 100- w, and the supply curve is Q = 10 + 2w- T, where Q is the number of carpenters, w is the wage, and T is the test score required to pass the licensing exam (which one must do to be able to work as a carpenter). By how much do the equilibrium quantity and wage vary as T increases? M

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