Policymakers wish to determine whether employers will eliminate jobs in response to an increase in the minimum wage.
a. A firm wishes to determine whether consumers consider its product an inferior good.
b. A bank wants to determine what rate to offer on its savings account in order to attract new customer deposits.
c. Policymakers wish to determine whether a subsidy will effectively increase the production of solar panels.
d. A research firm wishes to determine whether two goods are considered close substitutes for one another.
e. A firm wants to determine whether raising its price will increase its revenue.