Sketch the demand curve for the A-Phone. Describe how the graph, price, and quantity demanded will change if the following happens:
- There is an overall enhance in income.
- There is an overall enhance in income and people believe that the Pomegranate is now better than the A-Phone.
- The price of the A-Phone goes up when a flaw is found in the Pomegranate.
- A new type of walkie-talkie has an unlimited range and is essentially free.
- It is discovered that there are health concerns when using cell phones.
- There is a baby boom.
- The price of the A-Phone and the Pomegranate both go up.
What occurs to the supply of cell phones if the market price goes up?