Which of the following will increase the supply of cellphones? (Check all that apply.) Multiple answers: Multiple answers are accepted for this question Select one or more answers and submit. For keyboard navigation... SHOW MORE a The price of cellphones rises because the demand for them increases. b Cellphone connection providers (such as AT&T or Verizon) lower their monthly rates. C Average household income in the United States increases. d U.S. producers move cellphone assembly to China (where the wages are lower).

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
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Which of the following will increase the supply of cellphones? (Check all that apply.)
Multiple answers: Multiple answers are accepted for this question
Select one or more answers and submit. For keyboard navigation... SHOW MORE ✔
a The price of cellphones rises because the demand for them increases.
b
Cellphone connection providers (such as AT&T or Verizon) lower their monthly rates.
C
Average household income in the United States increases.
d
U.S. producers move cellphone assembly to China (where the wages are lower).
Transcribed Image Text:Which of the following will increase the supply of cellphones? (Check all that apply.) Multiple answers: Multiple answers are accepted for this question Select one or more answers and submit. For keyboard navigation... SHOW MORE ✔ a The price of cellphones rises because the demand for them increases. b Cellphone connection providers (such as AT&T or Verizon) lower their monthly rates. C Average household income in the United States increases. d U.S. producers move cellphone assembly to China (where the wages are lower).
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