In the market for smartphones, which of the following events increases the supply of smartphones? A. New

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In the market for smartphones, which of the following events increases the supply of smartphones?

A. New technology lowers the cost of making a smartphone B. A rise in the price of an e­book reader (a substitute in production)

C. An increase in people’s incomes D. A rise in the wage rate paid to electronics workers

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Essential Foundations Of Economics

ISBN: 9781786633255

8th Edition

Authors: Robin Bade, Michael Parkin

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