Given the unemployment rate, which has continued to fall not because of a robust jobs recovery, but rather because each month more people leave the workforce, and tepid disposable income it makes sense that consumers have become big time price shoppers.

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"I would not be terribly surprised if output continued to fall until 2010, " he told BBC News.

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This does not seem warranted since wireless pricing has continued to fall each year (actually, each quarter).

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