Question

For this part of the assignment, we will focus on the demand curve. Draw the demand curve for the A-Phone. Explain how the graph, price, and quantity demanded will change if the following occurs:
• There is an overall increase in income.
• It is discovered that there are health concerns when using cell phones.
What happens to the supply of cell phones if the market price goes up?

Answer 1

Draw the demand curve for the A-Phone. Explain how the graph, price, and quantity demanded will change if the following occurs: