Supply/demand shifters, equilibrium price and quantity, management assignment help

***Instructions: Please answer question #1 and #2 with a
minimum of 100-word count. For question #3, please review the article and
answer each question with a minimum of 100-word count. Separate your answers by
paragraphs for each question for an easier breakdown. Attached is the course
material for this unit. Must use the source provided for an in-text citation
and a reference. 1 or 2 outside source is required, but you can have more if
needed. Use APA Format only. Let me know if you have any questions or concerns.

1. Using the demand curve shifters (PYNTE), explain whether
each of the following will increase or decrease demand for cell phones.  Tell whether the demand curve shifts to the
right or to the left.

a.  A decrease in the
incomes of consumers of cell phones.

b.  An increase in the
price of apps for cell phones.

c.  An increase in the
number of consumers in the market for cell phones.

2. Using the supply curve shifters (SPEND) explain whether
each of the following will increase or decrease the supply of cell phones.  Tell whether the supply curve shifts to the
right or to the left.

a. The market price of the glass used in cell phone screens
increases.

b. The number of firm that make cell phones increases.

c. Cell phone manufacturers expect the market price of cell
phones to increase next month.

3. Read the following article regarding Cap and Trade
policies.

http://online.wsj.com/article/SB10001424052702304620304575165843688369042.html?mod=WSJ_hpp_sections_news

a.  What is a good or
service market that might be affected limiting pollution via the cap and trade
policy as described in the article? 
Explain.

[For simplicity, do not choose “jobs” or employment.  Choose a good or service that would have its
supply or demand affected by the cap and trade policy.]

b.  Which of the
shifters that shift either supply or demand (SPEND or PYNTE) does a Cap and
Trade policy affect in the market you chose in Part (a)?  Which curve (supply or demand) would shift in
response to the policy?  Will it increase
or decrease?

c.  Draw a supply and
demand graph.  Start with an initial
equilibrium like you see on Slide #25 in the Attend section.  Shift the curve in the direction that you
chose in the previous section.  Find the
new equilibrium.  (You do not need to
turn in your graph.  It is for your own
use.) *you do not need to give me this, but you need it to answer part D*

d. Did equilibrium price increase or decrease?  Did equilibrium quantity increase or
decrease?