Assume That Smartphones Are a Normal Good,and That the Prices

question 12

Multiple Choice

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?

• A)The supply curve for smartphones has shifted to the right while the demand curve for smartphones has shifted to the left.
• B)The demand curve for smartphones has shifted to the right more than the supply curve has shifted to the right.
• C)The demand curve and the supply curve for smartphones have both shifted to the left.
• D)The supply curve for smartphones has shifted to the right more than the demand curve has shifted to the right.

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Definitions:

Back to Sleep Campaign

A public health campaign aimed at reducing the risk of sudden infant death syndrome (SIDS) by encouraging parents to position infants on their backs to sleep.

SIDS

Sudden Infant Death Syndrome is the unexplained death, usually during sleep, of a seemingly healthy baby less than a year old.

Colic

A condition seen in infants that causes periods of significant distress and crying for no apparent reason, typically due to gastrointestinal discomfort.

Pediatric Health

focuses on the medical care and health issues affecting infants, children, and adolescents.