Discuss why these effects might differ between industries and why the retail sector (and 7 Eleven) was affected by the application of a minimum wage.

Q1)Based on the attached case study, in 250 words describe the effect of the price floor on the capacity of the 7- Eleven company to employ staff. Your response should include two (2) references from academic sources. (12 pts)Q2)Based on the attached case study, in 250 words, answer the following question:On page 187 of your economics text, Parkin and Bade (2019) describe research conducted at the University of Canberra into the effects of the minimum wage on unemployment. Here it is suggested that the effects on unemployment in Australia are small in some cases but not in others. Discuss why these effects might differ between industries and why the retail sector (and 7 Eleven) was affected by the application of a minimum wage. Your answer should include one (1) academic reference. (12 pts) Q3)Based on the attached case study, in 250 words, discuss whether the actions of the owners of the company are best explained by:a) the minimum wage being set above the equilibrium labour price; or,b) a misunderstanding of the relationship between the business and the immediate business operating environment. See the Appendix: Making and using graphs from your Microeconomics text (Parkin and Bade 2019) paying particular attention to the section which discusses the principle of Ceteris Paribus. (11 pts)