Skateboards International of Long Beach, California, was able to sell 20,000 ska

Question

Skateboards International of Long Beach, California, was able to sell 20,000 skateboards at a price of $60 in
2008. In 2009, it is able to sell only 12,000 of the same skateboards at a price of $60. Evidently, Skateboard
International has experienced a(n):
a. increase in quantity supplied.
b. increase in demand.
c. increase in supply.
d. decrease in demand.
e. increase in quantity demanded.

In general, an increase in price could be caused by either:
a. an increase in demand or a decrease in supply.
b. an increase in demand or an increase in supply.
c. a decrease in demand or an increase in supply.
d. an increase in demand or an increase in supply.

Explanation / Answer

d. decrease in demand. c. a decrease in demand or an increase in supply.

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.