Suppose that a recent celebrity endorsement made more people prefer this brand of cell phones. now, more cell phones are demanded at each price level. as a result of the increase in demand, the equilibrium price and the equilibrium quantity increases, decreases

As a result of the increase in demand, the equilibrium price increases and the equilibrium quantity decreases.

Explanation:

Celebrity Endorsement is an easy and quick way to boost sales of a specific product. People tend to purchase that product. When people purchase that product, the demand of the product increases, so the prices also increase. As a result of the increased demand, the supply is decreased, thus decreases the quantity of the product.

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.