Make sure to include all appropriate graphs with supply and demand, the initial equilibrium and the shift in the supply or demand curve and the corresponding change in the price and quantity in each graph, as well as an intuitive explanation. Also make sure to include a graph for the price ceiling/floor question as well.
Supply and Demand in the Cell Phone Market. (Make sure to include a graph with the initial equilibrium price and quantity and the new price and quantity as well as an explanation to support your answer for each question.) (30)
As wages increase for Apple Workers, what happens to the price and quantity of iphones?
As the price of drone phones decrease, what happens to the price and quantity of iphones?
If the government taxes cell phones, what happens to the price and quantity of cell phones?