Illustrate what is the effect on the supply

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Reference no: EM1337523

What is the effect on the supply and demand of skateboards?

Each of the events described below will have some impact on the demand for skateboards. For each event, explain the effect of the event on supply and demand ("movement along" or "shift in").

(a) A drop in the price of skateboards.

(b) A drop in the price of kneepads.

Reference no: EM1337523

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