Describe what happens to the price and quantity supplied and how it reflects on a graph if the following happens:
- It becomes more costly to produce cell phones.
- More cell phones are being produced with the similar amount of inputs.
- Walkie talkies are well-liked because of the new technological change mentioned above.
- One more 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.