suppose that the consumer side of the market for skateboards in new york is represented by the diagram below. The current price of skateboards is PA. Each of the events described below will have some impact on the demand for skateboards. For each event, draw a diagram to illustrate the effect of the event. Be sure to explain your diagram using pertinent ecobomic terminology ("movement along" or "shift in")

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QUESTION TWO Question Suppose that the consumer side of the market for skateboards in New York is represented by the diagram below. The current price of skateboards is P A. Each of the events described below will have some impact on the demand for skateboards. For each event, draw a diagram to illustrate the effect of the event. Be sure to explain your diagrams using pertinent economic terminology ("movement along" or "shift in"). Price (Sboard) PA D Qwerty (100s of boards) (a) A drop in the price of skateboards. (b) A drop in the price of kneepads. (c) A decline in income. QUESTION TWO Question Suppose that the consumer side of the market for skateboards in New York is represented by the diagram below. The current price of skateboards is P A. Each of the events described below will have some impact on the demand for skateboards. For each event, draw a diagram to illustrate the effect of the event. Be sure to explain your diagrams using pertinent economic terminology ("movement along" or "shift in"). Price (Sboard) PA D Qwerty (100s of boards) (a) A drop in the price of skateboards. (b) A drop in the price of kneepads. (c) A decline in income.

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a A drop in the price of skateboards This event will lead to a movement along the demand curve for s... View the full answer