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07-03-2024
Business

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Consider the market for smartphones. Suppose the price of a smartphone falls. What is the effect of this event on the quantity of smartphones demanded and on the demand for smartphones?
a) The quantity demanded increases; the demand curve shifts rightward
b) The quantity demanded decreases; the demand curve shifts leftward
c) The quantity demanded decreases; the demand curve does not shift
d) The quantity demanded increases; the demand curve does not shift

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