-Refer to the Above Table

question 21

Multiple Choice

-Refer to the above table. Suppose the demand for smartphones rises because more people use the Internet with a smartphone. The new equilibrium price will be

• A)$200.
• B)$275.
• C)more than $275.
• D)impossible to be determined given the information.

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Definitions:

Fear of Flying

An anxiety disorder characterized by an extreme dread of flying in airplanes.

Bipolar Disorder

Bipolar Disorder is a mental health condition characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Carrie Fisher

An American actress and writer best known for her role as Princess Leia in the "Star Wars" series.

Mania

A mental state characterized by excessive excitement, energy, euphoria, impulsivity, and sometimes delusions.