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    Foundations of Macroeconomics
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    Exam 4: Demand and Supply
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    Smart Phones Are Becoming Less Expensive as New Technology Reduces
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Smart Phones Are Becoming Less Expensive as New Technology Reduces

Question 157

Question 157

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Smart phones are becoming less expensive as new technology reduces the cost of production.In a supply and demand model,explain the effects of the technological innovations and their effect on the quantity of smart phones.

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Advances in technology increase the supp...

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