Match each question with the type of elasticity that would best answer it. Question 35 options: A research firm wishes to determine whether two goods are considered close substitutes for one another. A firm wants to determine whether raising its price will increase its revenue. Policymakers wish to determine whether a subsidy will effectively increase the production of solar panels. A bank wants to determine what rate to offer on its savings account in order to attract new customer deposits. Policymakers wish to determine whether employers will eliminate jobs in response to an increase in the minimum wage. A firm wishes to determine whether consumers consider its product an inferior good. 1. Price elasticity of demand 2. Price elasticity of supply 3. Income elasticity of demand 4. Cross-price elasticity of demand 5. Wage elasticity of labor demand 6. Wage elasticity of labor supply 7. Interest rate elasticity of saving 8. Interest rate elasticity of borrowing