Question: Question 14 (2 points) Listen There is a decrease in the income for the population and new robotics technology is introduced in the smartphone industry.

Question 14 (2 points) Listen There is a decrease in the income for the population and new robotics technology is introduced in the smartphone industry. What would be the effects of each of the following on the equilibrium price and equilibrium quantity for smartphones? Note: smartphones are a normal good equilibrium price increases and equilibrium quantity is indeterminate equilibrium price decreases and equilibrium quantity increases equilibrium price increases and equilibrium quantity increases equilibrium price decreases and equilibrium quantity is indeterminate

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