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You are tasked with making predictions on the market for new cell phones. Suppose you examine recent data and find evidence that consumer disposal income

You are tasked with making predictions on the market for new cell phones. Suppose you examine recent data and find evidence that consumer disposal income has risen. What effect will this event have on the market for new cell phones (assuming they are normal goods)? It will decrease the equilibrium price for new cell phones. It will increase the equilibrium price for new cell phones. It will decrease the equilibrium quantity of new cell phones. It will increase the equilibrium quantity of new cell phones

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