Consider the market demand curve for the latest Samsung Galaxy smartphone. For each of the following, identify what impact it would have on the demand for the Samsung Galaxy smartphone. Briefly explain your reasoning for each. If any assumptions are necessary, please clearly state what assumptions you are making about the Samsung Galaxy smartphone in order to support your answer.

1. The economy experiences a recession and many individuals become unemployed.
2. Apple decides to reduce the price of the newest iPhone by 10%.
3. It is expected that the market price for the Samsung Galaxy smartphone will be reduced next month.