Question: 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

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 Option A equilibrium price decreases and equilibrium quantity is indeterminate Option B equilibrium price decreases and equilibrium quantity increases Option C equilibrium price increases and equilibrium quantity is indeterminate Option D equilibrium price increases and equilibrium quantity increases

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