Select the Phrase That Correctly Completes the Following Statement

question 6

Multiple Choice

Select the phrase that correctly completes the following statement."A decrease in the expected future price caused an increase in the supply of smartphones.As a result

• A)the price of smartphones decreased and the demand for smartphones increased."
• B)the equilibrium quantity of smartphones decreased."
• C)the price of smartphones decreased and the quantity of smartphones demanded increased."
• D)the price of smartphones decreased.The lower price caused the supply of smartphones to decrease."

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Definitions:

Alteration

A change or modification in something, often referring to physical changes to documents or objects.

Drawer

In the context of financial instruments, the individual or entity that writes and signs a check, effectively instructing the bank to pay the specified amount to the party named or to the bearer.

Charging

The process of imposing a charge or fee for services rendered or for access to facilities or information.

Certifies

The act of officially recognizing, confirming, or attesting to the validity of something, such as a document or claim.