As a result of the increase in the price of leather, the new equilibrium price in Figure 5 will be:

Figure 4 The Market for Indulated Boots in the U.S, January, 2020 Price per pair 100 + S28 $26 90 $1 S2c 80 $2e 70 - P1 60 P2 60 P3 40 P4 30 - 20 - D 10 0 Q1 Q2 03 200000 400000 60000 24 800000 1000000 Quantity per month