Shoe manufacturers often use leather when producing their most expensive shoes. Because there is a global shortage of leather, its price has increased. What effect will this price change have?
- AThe demand curve for leather shoes will shift to the left.
- BThe demand curve for a substitute for leather shoes will shift to the right.
- CThe supply curve for leather shoes will shift to the right.
- DThe supply curve for a substitute for leather to make expensive shoes will shift to the right.