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Supply curve or demand curve change

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Reference no: EM131203874

The major firms in a market have recently lowered the price of cell phones. Indicate if the supply curve or demand curve change or if the market moves along the existing demand or supply curve. Explain the answer

Reference no: EM131203874

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Supply curve or demand curve change : The major firms in a market have recently lowered the price of cell phones. Indicate if the supply curve or demand curve change or if the market moves along the existing demand or supply curve. Explain the answer
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