Another Crisis Was Created by the British When It Granted

question 47

Multiple Choice

Another crisis was created by the British when it granted a monopoly on the importation of

• A)tea.
• B)stamps.
• C)sugar.
• D)coffee.
• E)cloth.

---

Definitions:

Backpacks

Backpacks are portable bags carried on one's back, secured with two straps over the shoulders, commonly used for transporting items.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.

Shift

In economic contexts, this term often refers to a movement or change in the position of a supply or demand curve in response to various factors.

Slope

In mathematics, the measure of the steepness or incline of a line, typically described as the ratio of the rise over the run.