The next four questions refer to the following supply and demand graphs: III IV XIXIXIX Da D. D, 33, Consider the market for iPhones. Which of the following would result in market shift shown in Graph II in the market for iPhones? a. The price of an Android phone increases. b. Processor chips become more expensive to produce. c. Processor chips become faster but cost the same to produce. d. The price of an iPhone increases. e. None of the above.

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