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-Refer to the Above Table

Question 21

Multiple Choice

-Refer to the above table. Suppose the demand for smartphones rises because more people use the Internet with a smartphone. The new equilibrium price will be A) $200. B) $275. C) more than $275. D) impossible to be determined given the information.
-Refer to the above table. Suppose the demand for smartphones rises because more people use the Internet with a smartphone. The new equilibrium price will be


A) $200.
B) $275.
C) more than $275.
D) impossible to be determined given the information.

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