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1. Discuss why the price of smartphones has gone up so much in recent years. Average smartphone selling prices in the U.S. jumped from $409

1. Discuss why the price of smartphones has gone up so much in recent years. Average smartphone selling prices in the U.S. jumped from $409 in 2016 to $735 last year. That reflects an average annual price increase of 11%more than three times the rate of inflation during the same period.

2. Why do consumers continue buying premium smartphones, priced at $800 and more?

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