3608EconomicsMedium
The government increase the minimum wage. The National Association of Fast Food Restaurants hires you to determine the impact that this higher minimum wage will have on it industry. This is an example of?
Apartial equilibrium analysis
Bindustry equilibrium analysis
Cgeneral equilibrium analysis
Dspecific equilibrium analysis
Correct answer
A. partial equilibrium analysis
Explanation
The correct answer is partial equilibrium analysis.