Explain what will happen to the demand for and supply of, Microeconomics

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Explain what will happen to the demand for and supply of

Problem

Suppose an economic boom causes incomes to increase and at the same time drives up wages for the sales representatives who work for cell phone companies. Explain what will happen to the demand for and supply of phones and predict the direction of the change in the equilibrium price and quantity.

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Microeconomics: Explain what will happen to the demand for and supply of

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