As the price of leather increases

Name: As the price of leather increases
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

As the price of leather increases, the cost of production for leather shoes also increases. This would result in a decrease in the supply of leather shoes, which would lead to a decrease in the quantity of leather shoes demanded due to their increased price. Therefore, the correct choice is C. None of the other choices are likely to occur.

As the Price of Leather Increases