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Assume that smartphones are a normal good,and that the prices of smartphones have fallen in recent years.Over this same period,the price of the components used to produce smartphones has also fallen and consumer incomes have risen.Which of the following best explains the falling prices of smartphones?
Symbolize
To represent, stand for, or denote something else, especially through the use of symbols or symbolic meanings.
Lonely
Feeling sad because of a lack of friends, company, or companionship.
Sad
A feeling or showing sorrow; unhappy.
People
Human beings in general or considered collectively.
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