(Figure: Slave Redemption) Refer to the Figure

question 86

Multiple Choice

(Figure: Slave Redemption) Refer to the figure. When slaveredeemers enter the market, the price of slaves:

• A)increases to $40.
• B)decreases to $17.
• C)stays unchanged at $40.
• D)exceeds $40.

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Definitions:

Third Party

An individual or group besides the two primarily involved in a situation or contract, often implicated in legal or financial transactions.

Authorized

Having official permission or approval to do something, especially in a legal or formal context.

Contract

A legally binding agreement between two or more parties that is enforceable by law.

Surveyed

The process of examining and recording the characteristics, boundaries, and features of a land area for construction, legal, or environmental purposes.