INCREASE OF SUPPLY: Cigarette vendors at the vicinity of bus terminal has increased, Mr.Ramos' farm uses the latest fertilizers for its plantation., There is an influx of imported goods in the market, Ria is using modern technologies for baking, The government gave a 20,000 php worth of subsidy to farmers affected by the typhoon, DTI director told the consumers that there would be an expected decrease on the price of raw materials, Workers will enjoy a 5% increase on their wage as approved by the government, DECREASE OF SUPPLY: Sin Tax Law was implemented. The law aims to increase tax on alcoholic beverages and cigarettes., The police raided the imitation centers in Colon., The Philippines was hit by El Nino, The government banned the selling of dangerous firecrackers, La Nina was experienced in the Philippines,
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Applied Economics
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