What would be the effect of each of the following on Company X’s demand for labor?

(Remember the distinction between a change in demand and a change in quantity demanded.)

a. An increase in the price of Company X’s major competitor’s product

b. A decrease in the price of an input that can be substituted for Company X’s workforce

c. A decrease in the number of buyers in Company X’s product market

d. A decrease in the price of Company X’s product

e. An increase in the wage paid to Company X’s workers