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a) The firms who are employing these workers experience a big decrease in the demand for their product. Wage WE D QE Quantity b) Congress

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a) The firms who are employing these workers experience a big decrease in the demand for their product. Wage WE D QE Quantity b) Congress passes a law increasing the mandatory retirement age to 70 years old. Wage WE QE Quantity c) A newly elected US president issues an executive order implementing an immigration quota severely limiting immigration. Wage S WE QE Quantity The NJ State legislature passes a law, and the governor signs it, to increase the minimum O wage in the state. Wage WE QE Quantity e) The firm finds a new market for their output. Wage WE

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