Over the last twenty years, the price of cell phones and land lines has changed tremendously. Using the supply and demand model of price determination, explain these trends. To backup your answer, please find a webpage on the internet that talks about these changes and share your findings with. Also please use Microsoft Paint (i don’t recommend Excel) to draw a supply and demand graph of both cell phones and land lines and post one of each market here. Then show how recent changes have caused the price of cell phones to change. Explain and discuss. You might remember Paint from when you were six years old and you sketched simple pictures of people and houses. Now you can draw a supply demand graph for those with Windows systems or Apple’s Paintbrush if you use a Mac. https://www.macupdate.com/app/mac/25050/paintbrush If you use something else to make graphs feel free to use it but I do not recommend Excel as you will likely not have the underlying data. I am looking for sketches of supply and demand market graphs. Note the word sketch. See attached.
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