DETAILS WANEFMAC6 1.2.039. MY NOTES Worldwide quarterly sales of a brand of cell phones were approximately - + 156 on phones when the wholesale price was so (a) If the cellphone company was prepared to supply = 40 - 394 milion phones per quarter at a wholesale price of so, what would have been the equilibrium price? s (b) The actual wholesale price was $105 in the fourth quarter of 2004. Estimate the projected shortage or surplus at that price. HINT (See Example 4.] There is an estimated Select of million phones