In this question we are concerned with examining the market for skateboards and are given a graph of the market below. Additionally, it is recommended to draw any appropriate shifts, movements, and new equilibria as you work through the problem. Product Market Price Market Demand - Market Supply ..Market Equilibrium Skateboards If a new skate shop enters the market for skateboards in the area, then the increases leading to a change in market supply with a shift. The market for skateboards is then put in a state where the skate shop owners have incentive to reduce prices until a new equilibrium in the market has been reached where skateboard quantity has and prices have decreased. Multiple Choice O Number of firms, rightward, surplus, increased O Number of consumers, rightward, shortage, increased O Number of firms, leftward, shortage, decreased