Assuming everything else stays the same, an increase in the price of smartphones will Increase the quantity supplied of smartphones.
The correct option is b.
Price is crucial in influencing how much individuals will purchase, according to economists. That is why they included price on the demand graph, but in addition to price, there are other factors that influence how much of a product we purchase.
According to the law of supply, an increase in the price causes a greater supply while a lower price causes a lower supply.
Tools used to describe the link between supply and pricing include supply curves and supply schedules.
The complete question is:
Assuming everything else stays the same, an increase in the price of smartphones will __________ of smartphones.
a. Increase The Supply
b. Increase the quantity supplied
c. decrease the quantity supplied
d. decrease The Supply
To learn more about price, refer
https://brainly.com/question/13289011
#SPJ4
