The state of nj recently passed an increase in the minimum, Business Economics

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The state of nj recently passed an increase in the minimum

The state of NJ recently passed an increase in the minimum wage, how will this impact wages and the quantity of labor? Make sure to include the appropriate graph (starting with the initial equilibrium price and quantity) as well as who the potential winners and losers are (on the graph and an intuitive explanation), as well as provide alternative solutions.

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