Explain how the incentives facing cell phone companies and, Microeconomics

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Explain how the incentives facing cell phone companies and

Problem

1. What is the difference between a change in supply and a change in quantity supplied?

2. What is the relationship between supply and demand when a market is in equilibrium? Explain how the incentives facing cell phone companies and consumers cause the market for cell phones to reach equilibrium.

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Microeconomics: Explain how the incentives facing cell phone companies and

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Microeconomics: Explain how the incentives facing cell phone companies and

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