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Title: Prices of smartphones (assume that this is a normal good) have fallen in recent years. Over this sam Post by: Tidy on Jun 20, 2015 Prices of smartphones (assume that this is a normal good) have fallen in recent years. Over this same period, the price of the components used to produce smartphones has also fallen and consumer incomes have risen. Which of the following best explains the falling prices of smartphones?
A) The supply curve for smartphones has shifted to the right while the demand curve for smartphones has shifted to the left. B) The demand curve for smartphones has shifted to the right more than the supply curve has shifted to the right. C) The demand curve and the supply curve for smartphones have both shifted to the left. D) The supply curve for smartphones has shifted to the right more than the demand curve has shifted to the right. Title: Re: Prices of smartphones (assume that this is a normal good) have fallen in recent years. Over this Post by: Sydnie on Aug 10, 2015 Content hidden
Title: Re: Prices of smartphones (assume that this is a normal good) have fallen in recent years. Over this sam Post by: Sydnie on Aug 31, 2015 I was confident with my answer, glad it was correct.
Oh, and thumbs-up are more than welcome :) |