Click to see additional instructions When supplying labour in the education sector, professors take into account the wage a worker such as themselves could potentially earn in an alternate sector. Let w be the wage in education and Wa be the expected wage in an alternate sector. A. When Wa increases: Labour supply in education will** and labour demand in education will** B. If the quantity of labour supplied in education is given by Ls=4w, graph the labour supply curve. The graph has slope and vertical intercept . Suppose two professors are attracted by the increase in the alternative wage and leave the education sector. The new quantity supplied of labour will be equal to Ls' = Ls - 2. On the same graph, draw the new labour supply curve. It has slope and vertical intercept C. After the two professors leave, the equilibrium wage will** and the number of professors working in this sector will* . Demonstrate why using your graph (you may sketch any representative demand curve). * Your response to this question must be numerical. Use the following: For "decrease" enter "-1" For "remain unchanged" enter "0" For "increase" enter " 1 " For "possibly increase or decrease" enter "3