The diagram at right shows the market for smartphones In recent years, technological improvements have greatly Market for Smartphones reduced the costs of producing smartphones, and a number of new firms have entered the smartphone So industry. At the same time, prices of substitutes for smartphones, such as various tablet devices, have declined considerably. Using the line drawing tool, illustrate the impacts of these Price ($) developments on both the demand and supply. Label the new lines. Carefully follow the instructions above, and only draw the required objects. Do Output