Use the Following to Answer Questions

question 42

Multiple Choice

Use the following to answer questions
Exhibit: Shifts in Demand and Supply

-(Exhibit: Shifts in Demand and Supply)
Assume that the market in Panel (a)
Is in equilibrium at point M.Compared to the initial equilibrium at point N, what changes could explain what happened in this market?

• A)supply decreased
• B)demand decreased
• C)both demand and supply decreased
• D)both demand and supply increased

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Definitions:

Native American Slave Trade

The Native American slave trade involved the capture, buying, and selling of Indigenous peoples for labor in the Americas, a practice that predates and extends into the period of European colonization.

Pueblo Revolt of 1680

A rebellion of Indigenous Pueblo people against Spanish colonization and missionary efforts in present-day New Mexico, leading to the temporary expulsion of Spanish settlers.

Spanish Franciscan Friars

Members of the Franciscan religious order from Spain who played a significant role in the Christianization of indigenous peoples in the Americas during the colonial period.

Pueblo Indians

Indigenous people of the Southwestern United States, known for their unique adobe dwellings and community-centric societies.