If It Is Discovered That Using a Smartphone Regularly Causes

question 70

Multiple Choice

If it is discovered that using a smartphone regularly causes brain cancer, then in the market for smartphones,

• A)equilibrium price will fall and equilibrium quantity will rise.
• B)equilibrium price and equilibrium quantity will fall.
• C)there will be no change in equilibrium price or quantity.
• D)equilibrium price will rise as demand for computers decreases.
• E)equilibrium price will rise as supply decreases.