The following table shows the demand and supply of skilled labor at different hourly wages. 
(A) Draw the supply and demand af labor schedules.
(B) What are the wage and quantity of labor at equilibrium?
(C) Suppose emplayers arree nat to pay waeses less than per haur. What wauld be the new quantity of labar in the market? Wha wald gain and wha wald lose fram this 팜ㄹnnt?
(D) Suppose a urified graup of curent warkers negotiates writh manegement and reaches an agreement whereby management canat pay any warker less than per haur. What will happen to emplayment? Will all current warkers be happy with this agrement?
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