Skateboards International of Mavericks Beach, California, was able to sell 20,000 skateboards at a price of $60 last year. This year 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.
Correct Answer:
Verified
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