When the Colonies Obtained Independence They Were No Longer Bound

question 16

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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Definitions:

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