ws how the price of cell phones varies with the demand quantity. The equilibrium price for cell phones is _____, where both supply and demand quantities equal _____.$100, 5,0005,000, $100

Answer:A. US$ 100B. 5,000 units.Step-by-step explanation:Note that the amount that consumers (demand) are willing to buy at the price of US $ 100 exactly matches the amount or quantity (5,000) that producers (supply) are willing to produce at that price.  In this case, the demand curve determines the price that consumers are willing to pay for each additional unit of cell phones. The supply curve is the price at which producers are willing to produce cell phones. If in an initial situation at a given price the amount that consumers are willing to acquire is greater than the quantity offered by the producers, that is because the price is too low and shortages will occur. As the price rises, there will be consumers who will withdraw from the market and there will be new producers willing to produce the good at the new price. This adjustment process will continue until the amount (5,000 units) that consumers are willing to buy at the market price exactly matches the amount that producers are willing to produce at that price. That is the so-called market equilibrium price. In this case, US $ 100.