Proe (dollars per smartphone) In the market for smartphones, the price of a smar

Question

Proe (dollars per smartphone) In the market for smartphones, the price of a smartphone falls and other things remain the same. Show the effect in the graph. Draw either a new demand curve or an arrow along the curve showing the direction of change The demand curve for smartphones shifts rightward when O A. the price of a smartphone falls O B. producers announce that smartphone prices will fall next month O C. the price of a call from a smartphone falls or produoers announce that smartphone prices will fall next 150 month O D. the price of a call from a smartphone falls or the price of a call from a land-line phone rises The demand curve for smartphones shifts leftward when O A· the price of a smartphone rises O B. the price of a call from a smartphone falls or the price of a call from a land-line phone rises O C. the price of a call from a land-line phone rises, or smartphones become more popular D. producers announce that smartphone prices will fall next month Quantity (millions of smartphones per year) Draw only the objects specified in the question.

Explanation / Answer

When price decreases there will be movement downward along the curve keeping demand curve same

Demand curve will shift rightward when price of call from smartphone decreases ans landline increases. Ans is E

Ans is d. Expectation that price wil fall in future will shift the demand curve leftward today

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