If the price of flash memory chips used in manufacturing smartphones decreases, what will happen in the market for smartphones?
Part 2
This would cause smartphone
a. demand
b. supply
b. supply
B. This would cause smartphone supply to
a. increase
b. decrease
a. increase
C. causing the equilibrium price to
a. increase
b. decrease
b. decrease
C. and the equilibrium quantity to
a. increase
b. decrease