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Describe the cell phone market? What factors influence the demand for cell phones? What factors influence the supply of cell phones? How have these changes

  1. Describe the cell phone market?
  2. What factors influence the demand for cell phones? What factors influence the supply of cell phones?
  3. How have these changes in supply and demand affected the equilibrium price of cell phones?
  4. Do you anticipate any changes to the demand and/or supply of cell phones in the near future? If so, what is driving these changes?

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