1. The following table is the data for monthly wages, demand and supply of expatriate domestic workers in Kuwait. a. Draw a demand and supply curve (in the same graph) and find the equilibrium wage and quantity. (10 points) b. Considering reduce demand for domestic workers, the workers are willing to work 20KD less than what they were willing to work before. Find the new equilibrium wage and equilibrium quantity. (10 points) c. Refer to table 1, using the midpoint method, calculate the price elasticity of supplyfrom points A to B and H to I. (10 points) d. Discuss the elasticity values between those two points (elastic, inelastic, or unit elastic). (5 points) e. Why does the elasticity of supply values tend to change as we move down the supply curve? (5 points)

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1. The following table is the data for monthly wages, demand and supply of expatriate domestic workers in Kuwait. a. Draw a demand and supply curve (in the same graph) and find the equilibrium wage and quantity. (10 points) b. Considering reduce demand for domestic workers, the workers are willing to work 20KD less