Which State Dominated the Market for Dye-Stuffs by 1900, Controlling

question 29

Multiple Choice

Which state dominated the market for dye-stuffs by 1900, controlling 90 percent of the market?

• A)Britain
• B)India
• C)Germany

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Definitions:

Shortage

A market condition where the demand for a good or service exceeds its supply at a particular price.

Bags Per Month

A measurement of quantity, often used to describe the production or consumption rate of bags within a monthly period.

Market Equilibrium

occurs in a market when the quantity supplied equals the quantity demanded, typically represented by the intersection of supply and demand curves.

Surplus

An excess of production or supply over demand, often resulting in a decrease in prices.