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Suppose a technological improvement has lowered the cost of manufacturing cell phone batteries. This would lead to in the supply of cell phones, causing the
Suppose a technological improvement has lowered the cost of manufacturing cell phone batteries. This would lead to in the supply of cell phones, causing the price of cell phones to . Because cell phones and landline telephones are , this change in price would cause the demand for landline telephones to . However, cell phones and cell phone applications are , so the change in the price of cell phones would the demand for cell phone applications
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