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- [Instructor] In a previous video, we took a look at the labor markets, and we thought about it in the context of the entire market and how it might impact a firm. So lets say that all of a sudden, the nations immigration policy changes where theyre willing to bring in a lot more folks who have the skills necessary to participate in the labor market that we are studying right now. So when that immigration opens up and more people immigrate into the country, what is going to happen in this labor market? Pause this video, and also think about what is going to be the new equilibrium quantity of labor and our new equilibrium wage? And how might that affect this particular firm? All right, now lets do this together. So if all of a sudden, you have a lot of immigration, new folks who can participate in this labor market, well, thats going to increase the supply at a given wage. So if this is the market labor supply curve, lets call that sub one, its going to shift to the right. At a