Question: There is a decrease in consumer tastes for smartphones and the price of tin oxide used in the making of smartphone screens decreases in the

There is a decrease in consumer tastes for smartphones and the price of tin oxide used in the making of smartphone screens decreases in the smartphone industry. What would be the effects of each of the following on the equilibrium price and equilibrium quantity for smartphones? Question 14 options: equilibrium price decreases and equilibrium quantity increases equilibrium price increases and equilibrium quantity is indeterminate equilibrium price decreases and equilibrium quantity is indeterminate equilibrium price decreases and equilibrium quantity increases

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