Answer the questions correctly. Filled in answers are what I think are correct.

Question

Answer the questions correctly.

Filled in answers are what I think are correct.

what will happen to the equilibrium price and quantity of skateboards if the price of fiberglass, a substance used for making skateboards, rises? PE decrease, PE decrease PE increase, PE decrease PE decrease, PE increase You observe that the equilibrium price has decreased and the equilibrium quantity has increased. What supply and demand conditions would best explain this outcome? Demand increase, supply constant Demand decrease, supply constant Supply increase, demand constant SuddIv decrease, demand constant

Explanation / Answer

Q10. C

Q11. C (correct)

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