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Producers of smartphones expect the priceofafactorofproductionusedtoproduceasmartphonetofall and the number of firms producing and selling smartphones to increase. You predict that the price of asmartphone will
Producers of
smartphones
expect the
priceofafactorofproductionusedtoproduceasmartphonetofall
and the number of firms producing and selling
smartphones
to
increase.
You predict that the price of
asmartphone
will ______ and the quantity of
smartphones
bought will ______.
A.
fall;
increase
B.
rise;
increase
C.
eitherrise,fall,orremainthesame;
decrease
D.
rise;
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