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The following events occur one at a time in the market for cell phones: 1.the price of a cell phone falls 2.everyone believes that the
The following events occur one at a time in the market for cell phones:
1.the price of a cell phone falls
2.everyone believes that the price of a cell phone will fall next month
3.the price of a call made from a cells phone falls
4.the price of a call made from a landline phone increases
5.the introduction of camera phones makes cell phones more popular
use diagrams to illustrate the effects of each event on the demand for cell phones
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