Question: The table below provides the demand and supply information for solar panel installers in a small town. Market for Solar Panel Installers Wage (dollars per
The table below provides the demand and supply information for solar panel installers in a small town. Market for Solar Panel Installers Wage (dollars per week) Quantity of Installers Demanded Quantity of Installers Supplied $1,400 6 18 1,200 9 15 1,000 12 12 800 15 9 600 18 6 400 21 3 200 24 0 Instructions: Enter your answers as a whole number. a. What is the equilibrium wage and the equilibrium quantity of solar panel installers for this small town? The equilibrium wage is $ 800 per week and the equilibrium quantity of labor is workers. b. If the local solar panel installers form a union and negotiate a weekly wage of $1,200, how many workers will be supplied and demanded? The quantity demanded will be workers and the quantity supplied will be workers
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