Produce cell phones, Management Theories

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.

 

Posted Date: 3/22/2013 3:42:49 AM | Location : United States







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