C. Suppose we are looking at the demand for smart phones. Explain what determina

Question

C. Suppose we are looking at the demand for smart phones. Explain what determinant (if any) is changing and how you would expect the event, all else equal, to change demand.
1. New apps become available for smart phones.
2. The cost of producing phones increases.
3. An increasing number of people have smart phones.
4. People increasingly expect immediate responses to email.
5. Tablets (e.g. ipad) become less expensive.
6. Samsung announces that it is coming out with a new, improved model.

Explanation / Answer

1>demand increases 2>demand decreases 3>demand increases 4>demans increases 5>demand decreases 6>demand decreases cheers :)

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