Let the universe of discourse be the set of all mobile phones. Define the predicates:
G(x): x is a good mobile phone
C(x): x is a cheap mobile phone
The statements can be formalized in first-order logic as:
$P: \forall x\,(G(x) \implies
eg C(x))$
$Q: \forall x\,(C(x) \implies
eg G(x))$
By the contrapositive law of propositional logic:
$$G(x) \implies
eg C(x) \equiv C(x) \implieseg G(x)$$
Thus, P and Q are logically equivalent:
P⟹Q is true (Statement L).
Q⟹P is true (Statement M).
P⟺Q is true (Statement N).
Therefore, L, M, and N are all TRUE, making (D) the correct option.