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Problem regarding the demand for smartphones

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Reference no: EM131037715

Cell phone data plans are most useful when used with a smartphone, and smartphones are most useful when used with a data plan. As the price of data plans falls, the demand for smartphones will:

  • decrease, because smartphones and data plans are substitutes.
  • increase, because smartphones and data plans are complements.
  • decrease, because smartphones and data plans are complements.
  • increase, because smartphones and data plans are substitutes.

Reference no: EM131037715

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