Economics (AS & A Level) · Oct / Nov 2024 · Paper 13 · Question 6

Shoe manufacturers often use leather to make their most expensive shoes. Due to a world shortage of leather, the price of leather has risen. What will be the effect of this price change?

1. AThe demand curve for leather shoes will shift to the left.
2. BThe demand curve for a substitute for leather shoes will shift to the right.
3. CThe supply curve for leather shoes will shift to the right.
4. DThe supply curve for a substitute for leather to make expensive shoes will shift to the right.

As printed in the paper