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11. [-/6 Points] DETAILS WANEFMAC7 1.2.039. MY NOTES Equilibrium Price: Cell Phones Worldwide quarterly sales of a brand of cell phones were approximately q =

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11. [-/6 Points] DETAILS WANEFMAC7 1.2.039. MY NOTES Equilibrium Price: Cell Phones Worldwide quarterly sales of a brand of cell phones were approximately q = -p + 166 million phones when the wholesale price was $p. (a) If the cellphone company was prepared to supply q = 4p - 354 million phones per quarter at a wholesale price of $p, what would have been the equilibrium price? sir 20 (b) The actual wholesale price was $99 in the fourth quarter of 2004. Estimate the projected shortage or surplus at that 2, 1 price. sec There is an estimated ---Select--- v of million phones. jrap

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