'There Are 2 Brands of Cell Phones That Are Almost Identical Except for Some Minor Features: the a-Phone and the Pomegranate\r'

'There ar 2 brands of prison cell skirts that be almost resembling except for some minor features: the A-Phone and the Pomegranate. Part I For this grammatical constituent of the assignment, we leave focus on the postulate curve. Draw the admit curve for the A-Phone. apologize how the graph, worth, and touchstone demanded will change if the hobby occurs: •There is an overall increase in income. •It is discovered that at that place are health concerns when using cell earpieces. What happens to the supply of cell predicts if the market price goes up?\r\nFor this part of the assignment, we will focus on the supply curve. 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. •a nonher(prenominal) company starts producing cell phones, and now there are 3 producers in the market. Part III For this part of the assignment, we are going to focus on demand and supply on the said(prenominal) graph. Draw a graph which shows the equilibrium price of cell phones. Explain what the graph is showing.\r\nWhen the new manufacturer introduces the Robo cell phone to the market, how does that affect the equilibrium price if the Robo is basically the same as the other cell phones? Part IV As the habitual’s dependence on cell phones continues to grow, the cost of the phones may be decreasing, only if the stronghold that telecommunication companies have on the public in regards to contracts and climbing fees is alarming. Additionally, all cell phone companies charge about the same prices, and the consumers do not have much choice in substitute providers.\r\nConsumers appear to need some controls in this regard, and the giving medication decides to step in. •What is the effect of government intervention in the cell phone market? Make incontestable that you use graphs to illustrate your point. •Is this a good funct ion for consumers? On the other hand, the government sees the increase in cell phone use as an luck to make some additional revenue, and it decides to tax dish up providers. •Who is really paying the tax? •Illustrate your determination on a graph. •Do you think that there is a free market for cell phone users? Why or why not?\r\n'