Price Quantity Demanded Quantity Supplied Per Unit Per Month Per Month $400 2,000 12,000 375 3,000 11,000 350 4,00] 10,000 325 5,000 9,030 300 6,000 8,000 275 7,000 7,000 250 8,00) 6,000 225 9,000 5,000 200 10,000 4,000 28) Refer to the above table for smartphones. Suppose there are technological advances in the production of tablets. What do you suggest that the new equilibrium price will be? Explain 29) Refer to the above table for tablets. Suppose the demand for smartphones rises because more people use the Internet with a tablet. What do you suggest the new equilibrium price will be compared to the old equilibrium price? Explain