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Distributed Systems Inspiring Minds/tutorialoutletdotcom ECON 6501 Calculate the amount of the surplus or shortage of workers created by the imposition of the minimum wage FOR MORE CLASSES VISIT www.tutorialoutlet.com • 1. Suppose that the market for labour is a competitive market and can be described by the following demand and supply curves: • D = 120,000 – 5,000W • S = 5,000W – 60,000 • Where W = wage rate per hour for labour