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SOLVED: Consider the market for smartphones Suppose the price of a call made from a smartphone falls Explain the effect of this event on the quantity of smartphones demanded and on the
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The following graph shows supply and demand in the market for smartphones. Use the black point (cross symbol) to indicate the equilibrium price and quantity of smartphones. Then use the green point (
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Consider the market for smartphones. If the demand curve stays the same and the supply curve decreases (Shifts upward), the equilibrium price would _____ and the equilibrium quantity would _____. a)
