Explain what happens to the price and quantity supplied and how it reflects on a graph if the following occurs:
It becomes more expensive to produce cell phones.
More cell phones are being produced with the same amount of inputs.
Walkie talkies are popular because of the new technological change mentioned above.
Another company starts producing cell phones, and now there are 3 producers in the market.
People think the price of cell phones will go up in the future.