Explain why a supply curve slopes upward

Reference no: EM132177050

Question: 1. What is the difference between a change in demand and a change in quantity demanded?

2. c

3. In each of the following examples, name the factor that affects supply and describe its impact on the supply of cell phones.

a. Economic forecasts suggest that the demand for cell phones will increase in the future.

b. The price of plastic goes up.

c. A new screen technology reduces the cost of making cell phones.

Reference no: EM132177050

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