Suppose demand for labor is given by the equation Pp = 25 - 2Q and supply for labor is given by the equation Ps = 5 + 2Qs. Price is the hourly wage rate in dollars and quantity measures the number of workers. Imposing a minimum wage of $17 by government will
a. create unemployment of 2 and firms will hire 4 workers.
b. create a labor surplus of 2 and firms will hire 5 workers.
c. create unemployment of 0 and firms will hire 4 workers.
d. create a labor shortage of 0 and firms will hire 5 workers.