Asked by

Gurdit Singh
on Dec 11, 2024

verifed

Verified

A decrease in the price of leather used to make shoes would cause the

A) demand for shoes to decrease.
B) demand for shoes to increase.
C) supply of shoes to decrease.
D) supply of shoes to increase.

Leather

A durable and flexible material created by tanning animal rawhide and skins.

Supply

The total amount of a product or service that is available for purchase at any given time.

Demand

The amount of a product or service buyers are prepared and capable of buying at a specific price.

  • Fathom the causes that precipitate alterations in supply and demand.
verifed

Verified Answer

SL
shane lewisDec 15, 2024
Final Answer:
Get Full Answer