-The Drawing the Black Codes in Action Depicts the Practice

question 8

Multiple Choice

-The drawing The Black Codes in Action depicts the practice of .

• A) allowing freedmen to rent land only in rural areas
• B) terrorizing and lynching African American men by white supremacists
• C) reestablishing the gang labor system through mass convictions of vagrancy
• D) auctioning off the service of black men who were convicted of vagrancy

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Definitions:

Shortage/Surplus

A situation where the quantity of a good demanded exceeds the quantity supplied (shortage) or the quantity supplied exceeds the quantity demanded (surplus).

Price Ceiling

A cap set by the government on the maximum price that can be asked for a good, service, or commodity.

Shortage/Surplus

An economic condition where the quantity demanded is greater than (shortage) or less than (surplus) the quantity supplied at the market price.

Demand Equation

A mathematical representation of the relationship between the quantity of a good demanded and its price.