In the market for cell phones, which of the following events increases the supply of cell phones?

Question:

A. New technology lowers the cost of making a cell phone

B. Rise in the price of an e-book reader (a substitute in production)

C. An increase in people’s incomes

D. A rise in the wage rate paid to electronics workers

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

See More Books

Question Posted: May 21, 2018 05:40 AM

See More Questions

What is the relationship between supply and demand when a market is in equilibrium? Explain how the incentives facing cell phone companies and consumers cause the market for cell phones to reach...
More than 1.15 billion mobile phones were sold worldwide in 2007, a 16 percent increase in a year. Emerging markets, especially China and India, provided much of the growth as many people bought...
The figure illustrates the competitive market for cell phones. a. What are the equilibrium price and equilibrium quantity of cell phones? b. Shade in and label the consumer surplus at the competitive...
Suppose you want to reduce the level of trash disposed by your household. Develop an emission standard, a technology standard, and an ambient standard that would accomplish the reduction.
Consider the brass alloy for which the stress-strain behavior is shown in Figure 6.12. A cylindrical specimen of this material 10.0 mm (0.39 in.) in diameter and 101.6 mm (4.0 in.) long is pulled in...
Discuss the functionality and importance of the Integrity Enhancement Feature (IFF).
A 50-lb box shaped like a 1-ft cube falls from the cargo hold of an airplane at an altitude of \(30,000 \mathrm{ft}\). If the drag coefficient of the falling box is 1.2, determine the time it takes...
An object of irregular shape has a characteristic length of L = 1 m and is maintained at a uniform surface temperature of Ts = 325 K. It is suspended in an airstream that is at atmospheric pressure...
An iron boiler of mass 188 kg contains 690 kg of water at 19C. A heater supplies energy at the rate of 58,000 kJh.How long does it take for the water (a) to reach the boiling point, and (b) to all...
1. What is the main issue in this case? 2. How can the Donor Service Department become more effective? 3. Describe intergroup conflict in the Donor Service Department? 4. How could empowerment change...
In the countries to which the immigrants return, explain how employment, the real wage rate, and potential GDP would change. Suppose that the United States cracks down on illegal immigrants and...
Calculate nominal GDP in 2016 and 2017. Use the table, which shows an economys total production and the prices of the final goods it produced in 2016 and 2017. GDP data for 2016 Quantity Item Price...
Let Z 1 ; Z 2 ; X 1 ; X 2 ; X 3 be independent rvs with each Z i N(0,1) and each X i N(0,5). Construct a variable involving the Z i s and X i s which has an F 3,2 distribution.
How do you plan for emergency situations in or related to the workplace? In case of an incident, what actions must you/should you take?
Why is sustainability so important for companies to remain on top of their business?
What can you do to be cognizant of your own communication tendencies?How can you be sure to communicate appropriately with others?
3. To start a nuclear fusion reaction, two hydrogen atoms of charge +le must be fired at each other. [12A] a)If each particle has an initial velocity of 2.7 x10 m/s when released, what is their...
Consider the physical quantities s, v, a, m, and t with dimensions [s] = L, [v] = LT-, [a] = LT2, [m] = M, and [t] = T. Select the dimensionally consistent equation(s). E b 0 2a V= = S m 2a S V = at...
Fill in the blank(s) to correctly complete each sentence. To graph the function (x) = x 2 + 5, shift the graph of y = x 2 up _________units.
Use this circle graph to answer following Exercises. 1. What fraction of areas maintained by the National Park Service are designated as National Recreation Areas? 2. What fraction of areas...
In 2005, the United Kingdom was at full employment. Nominal GDP was 800 billion, the nominal interest rate was 7 percent a year, the price level was 120, and the velocity of circulation was 2. What...
Imagine a scenario in which an international counterfeiting ring prints enough U.S. dollars to increase the nation's quantity of money by 10 percent. Then the news media breaks the story wide open...
The equation of exchange states that the quantity of money multiplied by the velocity of circulation equals real GDP multiplied by the price level. If the economy is at full employment and velocity...
How do you prioritize features and attributes when designing a new product or service? What steps should be taken to ensure that the design process aligns with the organization's overall strategy and...
Information that does not have an adjustment reason code to route payments into the correct bank accounts to relay about patient benefit coverage to indicate the amount being paid and the date of...
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor...

In the market for cell phones, which of the following events increases the supply of cell phones?

Question:

Step by Step Answer:

A Answers B and D D...View the full answer

Foundations of Macroeconomics

Students also viewed these Business questions