If the price of leather were to increase, how would this change the supply curve?
As a followup to your question about footballs, if the price of leather went up, it would cost more to make a football.
Thus, the supply of footballs would go down.
If you could make 100 footballs for $100, but the price of leather went up, you couldn’t make as many footballs for your $100.
Michael Rome Croco-Embossed Italian Leather Curved Satch…
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