Worldwide quarterly sales of a brand of cell phones was approximately :1 = p + 136 million phones when the wholesale price was $p. (a) If the oellphone company was prepared to supply q = 9,0 344 million phones per quarter at a wholesale price of $p, what would be the equilibrium price? $:] (b) The actual wholesale price was $43 in the fourth quarter of 2004. Estimate the projected shortage or surplus at that price. HINT [See Quick Example on page 62 and also Example 4.] =| million phones