If All Else Is Held Constant,what Would Happen to the Equilibrium

question 5

Multiple Choice

If all else is held constant,what would happen to the equilibrium price and quantity of iPhones if the price of an Android phone decreased?

• A) They would both increase.
• B) They would both decrease.
• C) One would increase and one would decrease,but we don't know which would do what.
• D) The price would increase and the quantity would decrease.
• E) The price would decrease and the quantity would increase.

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A duty bound by law which requires an individual or organization to follow a certain course of action or refrain from certain acts.

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