1. write down a demand and supply equations for smartphones, include two exogenous variables in each...

1. write down a demand and supply equations for smartphones, include two exogenous variables in each equation.

2. Draw a supply and demand graph for smartphones using the above equations

3. Use your graph to show how a change in one of your exogenous variable affects the model's endogenous variables.

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Expert Solution

Rahul Sunny answered 1 year ago

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