Consider the market for smartphones. Explain whether the following events would cause an increase or a decrease in supply or an increase or a decrease in the quantity supplied.

Question

a. The price of touch screens used in smartphones declines. This will cause​ a(n)
Part 3
A.
increase in supply.
B.
increase in quantity supplied.
C.
decrease in supply.
D.
decrease in quantity supplied.

Answer 1

A. increase in supply.

Answer 2

b. The price of machinery used to produce smartphones increases. This will cause​ a(n)
Part 6
A.
increase in supply.
B.
increase in quantity supplied.
C.
decrease in supply.
D.
decrease in quantity supplied.

Answer 3

C. decrease in supply.

Answer 4

c.
The number of manufacturers of smartphones increases. This will cause​ a(n)
Part 9
A.
increase in supply.
B.
increase in quantity supplied.
C.
decrease in supply.
D.
decrease in quantity supplied.

Answer 5

A. increase in supply.

Answer 6

d.
There is a decrease in the market demand for smartphones. This will cause​ a(n)
Part 12
A.
increase in supply.
B.
increase in quantity supplied.
C.
decrease in supply.
D.
decrease in quantity supplied.

Answer 7

C. decrease in supply.