When the Colonies Obtained Independence They Were No Longer Bound

question 27

Multiple Choice

When the colonies obtained independence they were no longer bound by a number of English laws, including the Navigation Acts. What best describes the impact of the removal of the Navigation Acts for commodities that were imported from Europe via England?

• A) A shift out of the supply curve and a shift back in the demand curve, which  lowered prices.
• B) A shift out in the supply curve, which decreased the price and increased the  quantity.
• C) A shift back in both the supply and demand curves, which decreased quantity.
• D) A shift back in the demand curve, which lowered both price and quantity.

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