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last week, smartphones cost $400. this week, the price of smartphones f…

Question

last week, smartphones cost $400. this week, the price of smartphones fell to $300. what will probably happen to the quantity of smartphones demanded? it will probably go up. it will probably go down. submit

Explanation:

Brief Explanations

According to the law of demand in economics, when the price of a good (smartphones here) decreases, assuming other factors remain constant, the quantity demanded of that good typically increases. Since the price of smartphones fell from $400 to $300, the quantity demanded will likely go up.

Answer:

It will probably go up.