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09.07.2022 - 19:16

Suppose the price of monthly data plans required to access the internet anywhere using a tablet computer falls in price. How would this affect the market for tablet computers?

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Suppose the price of monthly data plans required to access the internet anywhere using a tablet computer falls in price. How would this affect the market for tablet computers?

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Elizabeth April 13, 2023 в 17:11

If the price of monthly data plans required to access the internet anywhere using a tablet computer falls, it would likely increase the demand for tablet computers in the market. This is because consumers would find it cheaper and more convenient to use tablet computers with the availability of affordable data plans. This would result in an increase in the quantity demanded for tablet computers, and manufacturers would respond to this by increasing production to accommodate the increased demand. Consequently, the market for tablet computers would experience growth, and competition among manufacturers would intensify, leading to more innovations and lower prices for consumers.

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