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In each of the following examples, determine how supply or demand shift and how the equilibrium price and quantity change. a. Smartphones: Microchips used in
In each of the following examples, determine how supply or demand shift and how the equilibrium price and quantity change. a. Smartphones: Microchips used in smartphones have become more powerful and less costly to produce. b. ALS medical research funds: The ALS ice bucket challenge goes viral, leading to more awareness around the benefits and needs of ALS research
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