The price of leather has , which affects cost. This non-price determinant of caused the curve to shift left. This results in a price and a quantity of .

The price of leather has increased, which affects resource cost. This non-price determinant of supply caused the supply curve to shift left. This results in a higher price and a lower quantity of shoes.

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Increased 2. Resource 3. Supply 4. supply.5 Higher 6 lower 7. Shoes 8

Explanation:

A rise in the cost of raw materials pushes up the production cost, which results in an increase in the cost of the final product. In addition, the higher cost of production causes the supply of shoes to decrease.

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