How Did the Changing Economy Affect the Following Groups in Antebellum

question 89

Essay

How did the changing economy affect the following groups in antebellum America: artisans, unmarried women, middling classes, and free northern blacks?

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Definitions:

Inverse Demand Function

A representation of demand that expresses price as a function of quantity, rather than the conventional demand function which expresses quantity demanded as a function of price.

Price Elasticity

Measures the responsiveness of quantity demanded or supplied to a change in price.

Wealth

The abundance of valuable resources or valuable material possessions, including the total of all financial assets minus any liabilities.

Price Elasticity

A measure in economics that shows how the quantity demanded of a good or service responds to a change in its price.