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AP® Microeconomics

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Supply and Demand: Changes for Smartphones

APMICR-BJGXEN

Which of the following could cause an increase in equilibrium price AND a decrease in equilibrium quantity of smartphones?

A

A successful advertising campaign for smartphones and new technology that decreases production time

B

A news report connecting smartphones to decreased performance on standardized tests and a government investigation that results in the closure of several factories

C

A decrease in the price of selfie sticks and a decrease in the wages of workers in the phone factories

D

A ban on smartphone use in the workplace as a result of decreased productivity and the entry into the smartphone market of several new manufacturers

E

Increase in federal access charges for phone service and elimination of environmental regulations that required smartphone factories to purchase pollution abatement equipment