Question

Which factors affect the price of a smartphone put two

A price of similar apps

B price of compatible phones

C price of offline activities

D time scarcity among consumers

E opportunity costs of consumers

Answer 1

A) Price of similar apps: The availability of various apps for a smartphone can influence its price. If a smartphone offers exclusive or high-quality apps that are not readily available on other devices, it may command a higher price.

B) Price of compatible phones: The price of other smartphones in the market can impact the pricing of a particular smartphone. If the competition offers similar features and specifications at a lower price, it may force the price of a particular smartphone to be more competitive.

Note: None of the other options mentioned (C, D, E) directly affect the price of a smartphone. Offline activities, time scarcity, and opportunity costs of consumers are not directly related to the pricing of a smartphone.