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Select the phrase that correctly completes the following statement. "A decrease in the expected futu

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Select the phrase that correctly completes the following statement. "A decrease in the expected futu

Select the phrase that correctly completes the following statement. "A decrease in the expected future price caused an increase in the supply of smartphones. As a result
A) the price of smartphones decreased and the demand for smartphones increased.
B) the equilibrium quantity of smartphones decreased.
C) the price of smartphones decreased and the quantity demanded of smartphones increased.
D) the price of smartphones decreased. The lower price caused the supply of smartphones to decrease.

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Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face

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Tidy Author

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9 years ago

Correct

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