Question: 1. Write down demand and supply equations for wireless phones; include two exogenous variables in each equation. 2. Draw a supply-demand graph for wireless phones.

1. Write down demand and supply equations for wireless phones; include two exogenous variables in each equation.

2. Draw a supply-demand graph for wireless phones.

3. Use your graph to show how a change in one of your exogenous variables affects the model’s endogenous variables.

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