Question: Problem 5: Assume the weekly demand and supply for essential workers in the following areas are as follows. Q is quantity of workers and W

Problem 5: Assume the weekly demand and supply for essential workers in the following areas are as follows. Q is quantity of workers and W is average weekly wage. Yolo County Sacramento County Qb = 25,000 - 15W = 250,000 - 11W = 10,000 + 110W = 18,000 + 225W A. What is the total demand and supply for the market that encompasses Yolo and Sacramento county? B. What is the market equilibrium employment and wage? C. Graph the market demand and supply curves. Indicate the equilibrium quantity and price derived in part (B) on the graph. D. If the state of California mandated a $2/hr wage increase for essential workers, what would the new equilibrium employment and wage be? Assume a 40-hour work week

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