Analyze what will happen to the demand and supply of phones, Microeconomics

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Analyze what will happen to the demand and supply of phones

Problem

Suppose an economic boom drives up wages for the sales representatives who work for cell phone companies. Explain what will happen to the demand and supply of phones and predict the direction of the change in the equilibrium price and quantity.

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Microeconomics: Analyze what will happen to the demand and supply of phones

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Microeconomics: Analyze what will happen to the demand and supply of phones

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