1 Drawing supply and demand diagrams, either hand drawn or computer-generated inset, examine the effect on the market for the iPhone in the UK if: a) The price of other smartphones is reduced. (8 marks) b) There is a launch of a new iPhone with multimillion dollar advertising campaign featuring popular celebrities. c) (8 marks) d) The technology for producing the new iPhone is improved. (8 marks) e) The Chancellor of Exchequer announces an increase in personal tax allowance. (8 marks) f) Apple 'i-phone' assembly plants in China close due to industrial action by Chinese workers. (8 marks) g) Apple management decide to increase the price of iPhone. (10 marks)