As demand for phone apps increases, other things being equal, we can expect

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As demand for phone apps increases, we can expect more phone apps to be produced. This is because app developers will see the opportunity for profit and enter the market, increasing supply to meet the demand. Therefore, the quantity of phone apps is likely to increase. The relative price of phone apps may or may not change, depending on the extent to which the increase in supply can keep up with the increase in demand. However, a decrease in price is not a necessary outcome, as the increase in demand could also drive up prices if supply is unable to keep up. There is no reason to expect a decrease in supply or an excess of phone apps in the market.

As Demand for Phone Apps Increases, Other Things Being Equal