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zquorum Price: Cell Phones Worldwide quarterly sales of a brand of cell phones were approximately q = -p + 166 million phones when the wholesale

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zquorum Price: Cell Phones Worldwide quarterly sales of a brand of cell phones were approximately q = -p + 166 million phones when the wholesale price was $p. (a) If the cellphone company was prepared to supply a = 9p - 384 million phones per quarter at a wholesale price of so, what would have been the equilibrium price? $ (b) The actual wholesale price was $50 in the fourth quarter of 2004. Estimate the projected shortage or surplus at that price. There is an estimated shortage million phones

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