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.
Correct Answer:
Verified
Q48: A downward-sloping demand curve shows:
A)the direct relationship
Q49: If consumers are less willing and able
Q50: If the price of ice cream increases
Q57: Which of the following is true?
A)The market
Q70: Based on widespread reaction to the threat
Q106: CNN announces that bad weather in Central
Q111: The price of automobiles has increased sharply
Q175: Buyers who were originally willing to buy
Q176: Which of the following is not held
Q182: The quantity of hamburger that households are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents