Leather belts and leather shoes are substitutes in production. If style changes increase the demand for leather belts, the supply curve of leather shoes will shift

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If there is an increase in demand for leather belts due to style changes, it will lead to an increase in the price of leather, one of the inputs for producing leather belts. This will result in an increase in the cost of production for leather shoes. Therefore, the supply curve of leather shoes will shift leftward, indicating a decrease in supply. This, in turn, will lead to an increase in the equilibrium price of leather shoes.

Leather Belts and Leather Shoes Are Substitutes in Production