For the Byzantine Empire, Which of the Following Was a Negative

question 42

Multiple Choice

For the Byzantine Empire, which of the following was a negative impact of trade connections to the east?

• A) an outbreak of bubonic plague during Justinian's reign
• B) higher prices for grain in Constantinople
• C) displacement of skilled silk workers from Constantinople
• D) the arrival of numerous competing religions in the empire

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Definitions:

Non-discriminating Monopolist

A monopolist who charges a single price for all units of output sold, unlike price-discriminating monopolists who charge different prices.

Marginal Revenue

It refers to the additional income earned from selling one more unit of a good or service.

Demand Schedule

A table that lists the quantity of a good or service that consumers are willing to buy at various prices.

Total Revenue Schedule

A table or graph that shows the total revenue a firm can expect to receive at various levels of output, assuming a constant price.