Smartwatches is a wearable device in the form of a wristwatch with various associated applications embedded within them. Using a demand and supply graph, discuss the effect on the price and quantity based on the following scenarios:

a.Smartwatches are growing in popularity among modern urbanites, as a symbol of modern lifestyle

b.The price of integrated circuits, one of the inputs in the production of smartwatches, decreases due to advancement in production technologies.

c.There is a sudden increase in the number of smartwatch producers due to promising profits in the line of business.