Assume that a minimum wage of $19.00 per hour is introduced. However, there is no change in either the Supply or Demand equations D = 1,500,000 -...

Assume that a minimum wage of $19.00 per hour is introduced. However, there is no change in either the Supply or Demand equations D = 1,500,000 - 60,000W S = 120,000W - 1,200,000.i) Firms are better off? ii) Workers are better off? Society is better off?

assume that no resources at all are lost in job search activity. 

Re-calculate the following:

i) Consumer/firm surplus

ii) Producer/worker surplus

iii) Total surplus

iv) Deadweight loss.