PART 1--You are a junior executive of a new cellular phone carrier called Technologies of the Future (TOF) that competes in the same market as Verizon Wireless, AT&T, and T-Mobile. You have been tasked with providing the Committee Board members of TOF with a report that discusses issues that would be encountered by Technologies of the Future (TOF) when deciding whether to trade at a domestic level and how TOF would be affected by international trade, specialization, tariffs, and quotas. Graph the supply and demand curves in Excel using the values given in the table below and paste the graph into a Word document.PriceQuantity DemandedQuantity Supplied100110010020010002003009003004008004005007005006006006007005007008004008009003009001000200100011001001100Your graph must be properly constructed; please use a scatter graph with markers or a scatter graph with smooth lines. The graph should include a chart title, x-axis, y-axis, and contain a properly labeled equilibrium point.Draw on your graph a price ceiling and a price floor and discuss what those terms mean. Explain which government mandated price would result in a market shortage and a market surplus and why?If the price elasticity of demand is 5, and prices increase by 10%, calculate the percentage change in quantity demanded.Explain which TOF smartphones and Apple iPhones would be considered substitutes or complementary goods in terms of changes in price, and what impact a change in quantity would have.Is the cross-price elasticity of demand positive or negative, and why?Explain which TOF smartphones and phone chargers would be an example of substitutes or complementary goods.PART 2]--Reading is both a pleasurable pastime and an academic skill. To get the most out of any reading, whether it is a relaxing novel, a textbook, or a report from your employer, you must be able to read it carefully and comprehend it fully. This is called close reading. For this assignment, you will choose one passage from a piece of literature, just a couple of paragraphs, and do a close reading of it to increase your understanding and hone your abilities to get the most out of anything you read.Instructions: Read Stopping by Woods on a Snowy Evening by Robert Frost. Choose a section where the writer makes the experience meaningful, striking, or revealing. Examine this section for evidence of revealing a depth that reaches beyond the poem. In 2-3 pages, address the following prompts/questions:Name three literary tools used in this piece and briefly describe how they are used. Examples are theme, tone, mood, symbolism, foreshadowing, irony, imagery.What does Frost tell us about the character at this moment? What does he leave out?How does the character communicate (through words, gestures, or other means,) and what does he/she say?How does the writer convey the character’s identity and culture? What symbols are used to communicate gender, race, class, occupation, and/or other identity categories?How does this passage relate to the human experience overall? How do you relate as a reader?PART 3--Listening to music is something everyone does. Some people listen to music constantly, while others listen to it situationally, such as when driving, studying, exercising, or relaxing. Different playlists can be made for these different tasks. But how carefully and deeply does the listening experience go? This assignment requires you to delve deeper into one of your favorite songs to maximize appreciation of it through achieving an understanding of the complexities that go into the creation of your preferred music. In doing so, you will increase your perceptual awareness, not just for music, but for all things!Instructions: Choose a musical artist (from any music era). Choose one of his or her main works (songs or compositions) and listen to the piece so that you can comment on your reaction to the work. Write a 1-2 page essay about the following:A brief summary of the background or history of the artistThe meaning of the song you choseThe musical elements being used, with examplesThe contribution that the piece has had to the development of music and how it influenced future musicYour assignment should be written in APA format and should include in-text citations and a reference page.PART 4--You are a junior executive of a new cellular phone carrier called Technologies of the Future (TOF) that competes in the same market as Verizon Wireless, AT&T, and T-Mobile. The task at hand is to graph the supply and demand curves in Excel using the values given in the table below.PriceQuantity DemandedQuantity Supplied500120020060011003007001000400800900500900800600100070070011006008001200500900130040010001400300110015002001200Import the graph into a Word document and address the following.Identify the firm's equilibrium price and quantity in the market.Calculate market shortages and market surpluses given the values from the graph based on the prices set by TOF. Be sure to define a market shortage and a market surplus.Identify and discuss the price TOF should charge for its cellular phones.From the graph derived, illustrate producer and consumer surplus. Please determine both producer and consumer surplus.