The diagram below represents the producer side of the market for skateboards in New York.The current price of skateboards is PA.Each of the events described below will have some impact on the supply of skateboards.For each event, draw a picture to illustrate the effect of the event.Be sure to explain your pictures using pertinent economic terminology ("movement along" or "change in quantity"). 
(a) A drop in the price of skateboards.
(b) An increase in the price of wheels used in the manufacturing of skateboards.
Definitions:
Federal Government
The national government of a federal country, where powers are divided between central authority and constituent political units, such as states or provinces.
Discretionary Fiscal Policy
Government policy actions that involve changing government spending and taxation in order to influence the economy.
Legislative Variations
Differences in laws and regulations across different jurisdictions or over time within the same jurisdiction.
Tax Policies
The set of laws and regulations that determine how taxes are collected, managed, and utilized by the government.
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