An Advance in the Technology Employed to Manufacture Affordable Smartphones

question 36

True/False

An advance in the technology employed to manufacture affordable smartphones will result in a decrease in the equilibrium price and an increase in the equilibrium quantity bought and sold in the market for affordable smartphones.

---

Definitions:

Allergic Response

An immune system reaction that occurs when the body's defense mechanisms overact to a normally harmless substance.

Substance

A form of matter with distinct properties and composition, such as a chemical element or compound.

Pathogen

Microorganisms such as bacteria, viruses, fungi, or parasites that can cause disease in their host.

Intestinal Mucosa

The innermost layer of the intestine, which is involved in absorption and secretion processes critical for digestion.