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Factories that produce smartphones can also produce smart watches. Which of the following events in the market for smartphones illustrates the law of supply? 1.

Factories that produce smartphones can also produce smart watches. Which of the following events in the market for smartphones illustrates the law of supply? 1. The price of a smart watch falls. 2. A new robot technology lowers the cost of producing smartphones. 3. The price of a smartphone falls. 4. The price of a smartphone is expected to rise next year. 5. The wage rate paid to smartphone factory workers increases

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