Consider the Market for Cell Phones

question 70

Multiple Choice

Consider the market for cell phones. Suppose the price of a cell phone falls. Explain the effect of this event on the quantity of cell phones demanded and on the demand for cell phones.

• A)The quantity of cell phones demanded is unchanged and the demand for cell phones increases.
• B)The quantity of cell phones demanded decreases and the demand for cell phones is unchanged.
• C)The quantity of cell phones demanded increases and the demand for cell phones is unchanged.
• D)The quantity of cell phones demanded increases and the demand for cell phones also increases.
• E)The quantity of cell phones demanded is unchanged and the demand for cell phones decreases.

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Definitions:

Called Function

A function that is invoked or executed by another function or piece of code, typically passing control from the caller to the called function.

Calling Function

The process where one function invokes or makes use of another function within a program.

Function Prototype

A declaration of a function that specifies the function's name, return type, and parameters, used to inform the compiler about a function ahead of its definition.

Function Declarator

The syntax in programming that specifies the name, return type, and parameters of a function.