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April 18, 2014

Homework Help: Microeconomics

Posted by sharon on Sunday, October 14, 2012 at 12:03pm.

For this part of the assignment, we will focus on the demand curve. Draw the demand curve for the A-Phone. Explain how the graph, price, and quantity demanded will change if the following occurs:
There is an overall increase in income.
It is discovered that there are health concerns when using cell phones.
What happens to the supply of cell phones if the market price goes up?

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