Ask Question
BusinessBusiness
8 August, 02:16

If the price of flash memory chips used in manufacturing smartphones decreases, what will happen in the market for smartphones? how will the equilibrium price and equilibrium quantity of smartphones change?

+5
Answers (1)
  1. 8 August, 02:34
    0
    Flash memory and smart phones are complementary goods, which means that a demand for one good give rise to a demand for the other good. If there is a decrease in the price of the memory flash, the demand for it will increase while the supply for it will decrease. The decrease in supply of flash memory will leads to a decrease in the supply of smart phones in the market. If there are less smart phones in the market, the price of the smart phones will increase.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If the price of flash memory chips used in manufacturing smartphones decreases, what will happen in the market for smartphones? how will ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
As he explores his options, Sergio notices that some opportunities appear to be riskier than others. When considering various opportunities, Sergio should keep in mind that:
Answers (1)
The manner in which luis delivers bad news to his employees will have little to no effect on his credibility.
Answers (1)
Lena is the general manager of an international clothing manufacturing company. She wants to give one of her managers an "Employee of the Year" award.
Answers (1)
A log cabin quilt is 24 years old and a friendship quilt is 6 years
Answers (2)
A crop-dusting company has been dusting fields with chemicals. Despite the company's extreme care, a bystander was injured while walking through a field that the company was crop-dusting.
Answers (1)
New Questions in Business
Your bank is offering you an account that will pay 20 % interest in total for a two-year deposit. Determine the equivalent discount rate for the following: a. Six months b. One year c. One month
Answers (1)
A sales associate has a house listed at $200,000. It's overpriced and he feels it has only a 70% chance of selling in the original listing term. He also has a $300,000 house that has an 80% chance of sale.
Answers (1)
Banks are financial intermediaries because they: a) hold all the money in the economic system in currency form. b) print money as needed for borrowers whether business, individual, or government entities.
Answers (1)
Johnson Company manufactures a variety of shoes, and has received a special one-time-only order directly from a wholesaler. Johnson has sufficient idle capacity to accept the special order to manufacture 15,000 pairs of sneakers at a price of $7.
Answers (1)
What are the remains after the costs of running a business have been paid? A. stock B. taxes C. profits D. sales
Answers (1)
Home » Business » If the price of flash memory chips used in manufacturing smartphones decreases, what will happen in the market for smartphones? how will the equilibrium price and equilibrium quantity of smartphones change?
Sign Up Forgot Password?