tech companies are anxiously awaiting the release of a groundbreaking app for smartphones in one year, which…

tech companies are anxiously awaiting the release of a groundbreaking app for smartphones in one year, which will only work on the newest models. how do manufacturers of smartphones respond? demand select supply select determinant select

tech companies are anxiously awaiting the release of a groundbreaking app for smartphones in one year, which will only work on the newest models. how do manufacturers of smartphones respond? demand select supply select determinant select

Answer

Brief Explanations:

The new app will only work on the newest smartphone models. This will increase the demand for the latest - model smartphones as consumers will want to use the new app. Manufacturers will likely increase the supply to meet this higher demand. The determinant here is the expected future availability of the app.

Answer:

Demand: Increases Supply: Increases Determinant: Expected future product availability (the app)