On the following graph, use the green line (triangle symbol) to show the effect this employer mandate has on the demand for labor.(?)20DemandSupplyNew DemandNew Supply+Equilibrium Before LawEquilibrium After LawA0 10Quantity of Labor (Thousands)Topic 6 Homework (Custom)Suppose employees place a value on this benefit exactly equal to its cost.On the preceding graph, use the purple line (diamond symbol) to show the effect this employer mandate has on the supply of labor.Suppose the wage is free to balance supply and demand.Use the black point (plus symbol) to indicate the equilibrium wage and level of employment before this law, and use the grey point (star symbol) toindicate the equilibrium wage and level of employment after this law is implemented.True or False: Employers are made worse off but employees are made better off by this law.TrueFalseSuppose that, before the mandate, the wage in this market was $3 above the minimum wage.per hour, which will lead toin the level of employment andIn this case, the wage rate with the employer mandate will be sin the level of unemployment.Now suppose that workers do not value the mandated benefit at all.Wage (Dollars per hour)1816141210

Economic equilibrium is a condition or state where economic powers are adjusted. As a result,…

On the following graph, use the green line (triangle symbol) to show the effect this employer mandate has on the demand for labor. 20 Demand Supply 18 New Demand 16 14 1 12 New Supply ++ Wage (Dollars per hour) ||+ Equilibrium Before Lav Equilibrium After Law 10 Quantity of Labor (Thousands) Topic 6 Homework (Custom) Suppose employees place a value on this benefit exactly equal to its cost. On the preceding graph, use the purple line (diamond symbol) to show the effect this employer mandate has on the supply of labor. Suppose the wage is free to balance supply and demand. point (star symbol) to