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Economics - Financial Markets
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OpenStudy (anonymous):
A vendor makes a new smartphone and presells four thousand units for $300 each. The factory has the capacity to produce one thousand smartphones per month. Anticipated sales are five hundred units per month. Which of these would occur during the first few months of sales? Limited demand would increase the price. Limited supply would increase the price. Unlimited demand would decrease the price. Unlimited supply would decrease the price.
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