(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:

Business Partnerships

A legitimate business setup where two or more persons share both the handling of the business and the financial gains.

Sample Business Plan

A document that provides an example or template of a business plan layout, including company description, market analysis, and financial projections.

Corporation

A legal entity that is separate and distinct from its owners, capable of conducting business, entering into contracts, and owning assets.

Corporate Form

A legal structure for organizing a business as a separate legal entity, distinct from its owners, with its own rights and liabilities.