When the wage for workers at a peach farm increases, and at the same time research shows that peaches lower cancer risk, the simultaneous effect on the market will likely result in a(n) _____ in supply and a(n) _____ in demand.

When the wage for workers at a peach farm increases, it becomes more expensive for the farm to produce peaches. This higher cost typically leads to a decrease in the supply of peaches because the farm might produce fewer peaches or might not be able to hire as many workers. On the other hand, if research shows that peaches can lower cancer risk, more people will want to buy them, increasing the demand. So, we can expect a decrease in supply due to higher wages and an increase in demand because of the health benefits. For example, if a peach farm can only afford to grow 1000 peaches instead of 1500 due to higher wages, but more people want to buy peaches because they are healthier, the market will see mixed effects.