Table 2 The Market for Insulated Boots in the U.S., January, 2020 with an Increase in the Price of Leather Price Quantity Quantity Surplus, Shortage, or per Pair Demanded Supplied Equilibrium $ 10.00 900,000 20.00 800,000 100,000 30.00 700,000 200,000 40.00 600,000 300,000 50.00 500,000 400,000 60.00 400,000 500,000 70.00 300,000 600,000 80.00 200,000 700,000 90.00 100,000 800,000Figure 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