Question

If the price of flash memory chips used in manufacturing smartphones​ decreases, what will happen in the market for​ smartphones?
Part 2
This would cause smartphone

a. demand
b. supply

Answer 1

b. supply

Answer 2

B. This would cause smartphone supply to
a. increase
b. decrease

Answer 3

a. increase

Answer 4

C. causing the equilibrium price to
a. increase
b. decrease

Answer 5

b. decrease

Answer 6

C. and the equilibrium quantity to
a. increase
b. decrease

Answer 7

a. increase