Using the demand curve shifters (PYNTE), explain whether each of the following will increase or decrease demand for cell phones. Tell whether the demand curve shifts to the right or to the left. a. A decrease in the incomes of consumers of cell phones. b. An increase in the price of apps for cell phones. c. An increase in the number of consumers in the market for cell phones. FontSize
Sexton, R. L. (2013). Exploring economics (6th ed.). Mason, OH: South-Western, Cengage Learning.