Figure: Slave Redemption with Perfectly Elastic Supply Refer to the Figure

question 14

Multiple Choice

Figure: Slave Redemption with Perfectly Elastic Supply Refer to the figure. Assume the graph illustrates the Sudanese slave trade. If the supply curve is perfectly elastic as it is in the graph, a rise in the demand for slaves (from D₁ to D₂) causes:

• A) the number of people in slavery to fall to zero after the redemption program.
• B) the price of slaves to remain unchanged.
• C) 900 additional people to enter slavery temporarily before they are released.
• D) the supply of slaves in Sudan to decrease.

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Definitions:

Internal States

Psychological conditions or feelings that arise from within an individual, such as emotions, moods, desires, or motivations.

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Actions and responses that involve awareness and purposeful decision-making.

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A connection or linkage between two ideas, concepts, or events, often based on prior experience or learning.

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A learning process in which a person observes and models another's behavior, attitudes, or emotional expressions.