Question: Indicate the effects of the given statement on the demand and supply of good based on the following outcomes. Write the phrase of your choice

Indicate the effects of the given statement on the demand and supply of good based on the following outcomes. Write the phrase of your choice on the space provided before each demand and supply.

a.Shift to the right

b.Shift to the left

c.No Change

___ 1.Well-received market innovation of new cellphones

Demand for cellphone

Supply of cellphone

__ 2.Decrease in the price of Good Y

Demand for Good Y

Supply of Good Y

__ 3.Anticipated increase in general price level of basic commodities

Demand for basic commodities

Supply of basic commodities

__ 4.Government increases worker's wages

Demand for basic commodities

Supply of basic commodities

__5.Increase in death rate due to calamities

Demand for basic commodities

Supply of basic commodities

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