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Cole's Smartphone Is Two Years Old and He Would Like

question 217

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Cole's smartphone is two years old and he would like to have a new one. This time, he wants to make sure that it has a longer battery charge and better geographic coverage since he is traveling three days a week for his new job. Cole is most likely to use _____ for this purchase.


Definitions:

Substitute Good

A product or service that consumers see as a viable alternative to another product, where an increase in the price of one leads to an increase in demand for the other.

Laptop Computers

Portable personal computers with a clamshell form factor, suitable for mobile use and equipped with a keyboard and a screen.

Electronic Textbooks

Digital versions of textbooks that can be accessed on electronic devices like computers, tablets, or e-readers.

Complementary Goods

Products or services that are used together, where the demand for one is linked to the demand for another.

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