part one: Suppose the demand for labor is given by W = 25 – 0.2L and the supply is given by W = 10+ 0.3L. What is the equilibrium wage rate? a.$20.2 b.$19 c.$19.4 d.$19.8 part two:  Suppose the demand for labor is given by W = 250 – 0.05L, and the number of workers available is L = 3,000. What is the equilibrium wage rate? a.$110 b.$100 c.$130 d.$120 part three:  Suppose the demand for labor is given by W = 250 – 0.05L, and the number of workers available is L = 3,000, and the labor union wants to set a minimum wage of $140. What is the number of workers unemployed? (Hint: Unemployed workers are the excess supply of labor.) a.800 b.1,000 c.600 d.400

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