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12. Suppose the demand for smartphones rises because there are no more Wifi hot spots. The new equilibrium price will be $200 More than $275
12. Suppose the demand for smartphones rises because there are no more Wifi hot spots. The new equilibrium price will be
- $200
- More than $275
- $275
- Impossible to be determined given the information
| Quantity Demanded Quantity Supplied | ||
| Price Per Unit | Per Month | Per Month |
| $400 | 2,000 | 12,000 |
| 375 | 3,000 | 11,000 |
| 350 | 4,000 | 10,000 |
| 325 | 5,000 | 9,000 |
| 300 | 6,000 | 8,000 |
| 275 | 7,000 | 7,000 |
| 250 | 8,000 | 6,000 |
| 225 | 9,000 | 5,000 |
| 200 | 10,000 | 4,000 |
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The Worldly Philosophers The Lives, Times And Ideas Of The Great Economic Thinkers
Authors: Robert L Heilbroner
7th Edition
068486214X, 9780684862149
