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If Smartwatches Are Considered Substitutes for Smartphones,the Increase in the Price

Question 358

Multiple Choice

If smartwatches are considered substitutes for smartphones,the increase in the price of smartwatches would,all else equal,


A) increase the demand for smartphones.
B) decrease the demand for smartphones.
C) increase the quantity of smartphones demanded.
D) decrease the quantity of smartphones demanded.

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