Equilibrium Price: Cell Phones Worldwide quarterly sales of a brand of cell phones were approximately a = - + 146 million phones when the wholesale price was Sp. (a) If the cellphone company was prepared to supply 9 - 4p - 384 million phones per quarter at a wholesale price of So, what would have been the equilibrium price? $ (b) The actual wholesale price was $101 in the fourth quarter of 2004. Estimate the projected shortage or surplus at that price There is an estimated Select of million phones he ---Select--- e? 4p shortage surplus a rte re is an estimated --Select--- of mil