⦁ With increased access to wireless technology and lighter weight, the demand for smart phones has increased substantially. Smart phones have also become easier and cheaper to produce as new technology has come online. Despite the shift of demand, prices have fallen.
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I think because of Corona cuz people are feeling unsafe in buying unless it is a emergency
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With increased access to wireless technology and lighter weight, the demand for smart phones has increased substantially. Smart phones have also become easier and cheaper to produce as new technology has come online. Despite the shift of demand, prices have fallen.
Explanation:
- As we become more "technologically advanced", products such as Smart phones become speedier & more powerful, whereas the "pervasiveness of the technology" also "drives down the price".
- When it gets less popular/rare & less frequent, it often gets cheaper. This is because our desire to make this popular and emerging technology is "outpacing consumer demand" that smart phone prices are declining. It remains cheap because it's plentiful and accessible.
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