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

question 48

Multiple Choice

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

• A) the number of people in slavery to remain at 500 after the redemption program.
• B) the price of slaves to remain unchanged.
• C) 400 additional people to enter slavery temporarily before they are released.
• D) All of the answers are correct.

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