In Which Statement Is the Term "Supply" Used Correctly? (1)An

Multiple Choice

In which statement is the term "supply" used correctly? (1) An increase in the price of leather will lead to a decrease in the supply of leather.(2) An increase in the price of leather will lead to a decrease in the supply of leather boots.

A) the second statement only
B) neither statement
C) the first statement only
D) both statements
E) not enough information to tell