Suppose that Congress passes a law requiring employers to provide employees some benefit (such as healthcare) that raises the cost of an employee by $2 per hour. Assume that firms were not providing such benefits prior to the legislation. On the following graph, use the green line (triangle symbol) to show the effect this employer mandate has on the demand for labor. 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) to indicate 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. True False Suppose that, before the mandate, the wage in this market was $1 above the minimum wage. In this case, the wage rate with the employer mandate will be in the level of employment and per hour, which will lead to in the level of unemployment. Now suppose that workers do not value the mandated benefit at all. Which of the following statements are true under this circumstance? Check all that apply. Employers are neither better nor worse off than before the mandated benefit. The wage rate will decline by less than $2. Employees are worse off than before the mandated benefit. The equilibrium quantity of labor will remain unchanged. The supply curve of labor shifts to the left.