In England, the Statute of Labourers Passed in 1348 Was

question 38

Multiple Choice

In England, the Statute of Labourers passed in 1348 was a response to

• A)a growing population on relief.
• B)a change of government.
• C)an economic downturn.
• D)a labor shortage.

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Definitions:

Bumper Crop

An unusually large harvest of crops in a given season.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.

Demand Decreases

A reduction in the quantity of a good that consumers are willing and able to buy at each possible price.

Equilibrium Quantity

The amount of goods or services supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.