By the 1770s, Which of the Following Issues Helped Bring

question 36

Multiple Choice

By the 1770s, which of the following issues helped bring about a crisis of imperial authority?  

• A) Taxation, self-rule, and trade restrictions
• B) Slavery
• C) Few colonists clung to any hope of accommodation with Great Britain
• D) The coronation of a new king
• E) The rise to power of radical patriots in the American colonies

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Definitions:

Equilibrium Quantity

The amount of goods or services available matches the amount requested at the market price.

Consumer Surplus

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total benefits to society from the trade of goods or services.

Equilibrium

A state of balance where demand equals supply in a market, leading to a stable price.