Record number waiting to upgrade cell phones Faced with a $1,000 price tag for an old-tech phone,
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Record number waiting to upgrade cell phones Faced with a $1,000 price tag for an old-tech phone, consumers may be waiting for the new 5G technology coming before buying a replacement phone.
Explain how the expected arrival in 2020 of a new technology cell-phone service might influence the equilibrium price and quantity of cell phones in 2019 and 2020.
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