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.

statement of owner's equity;

answer; im, thinking it should be (7yrs)///plz check first.good luck