question archive Smartphones and apps are complements and the price of an app falls
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Smartphones and apps are complements and the price of an app falls. Simultaneously, the number of firms producing smartphones increases. As a result, the equilibrium price of a smartphone _____ and the equilibrium quantity _____.
A. falls; might increase, decrease, or not change
B. falls; decreases
C. might rise, fall, or not change; increases
D. might rise, fall or not change; might increase, decrease, or not change
E. None of the above answers is correct.
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