Extra points (3 points) 1. In a recent speech, the governor of your state announced:" One of the biggest causes of juvenile delinquency in this state is the high unemployment among 16 to 19 years old. The low wages offered b employers in the state have given fewer teenagers the incentive to find summer employment. Instead working all summer, the way we used to do, today's teenagers slack off and cause trouble. To address this problem, I propose to raise the state's minimum wage by $1.50 per hour. This will give teens the proper incentive to go out and find meaningful employment when they are not in school". Evaluate the governor's plan to reduce juvenile delinquency. 2. What is the deadweight loss of price ceiling? What causes the deadweight loss? Explain. 3. What is the deadweight loss of taxation? What causes deadweight loss? Explain