In a labor market, the labor is supplied by households and demanded by firms. Suppose that demand and supply curves of l

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In a labor market, the labor is supplied by households and
demanded by firms. Suppose that demand and supply curves of labor
over the period of one week are given by Qd = 29 – 2W and Qs = 2W –
5, where Q is in the unit of million hours and W is a wage rate per
hour, expressed in dollars. Suppose that the government imposes a
minimum wage of $9. How many people are unemployed among the people
who desire to work? Use 40 hours as a full-time-equivalent (FTE),
to convert excess supply of labor expressed in hours to the number
of unemployed people.