Assume That Aline,Bentley,Calvin,and Daniel Are the Only Sellers in This

question 88

Multiple Choice

Assume that Aline,Bentley,Calvin,and Daniel are the only sellers in this market.
-Refer to Exhibit 3-12.Each individual seller's supply curve is ________________ sloping and the market supply curve is _________________ sloping.

• A) upward; also upward
• B) downward; also downward
• C) upward; downward
• D) downward; upward

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Definitions:

Mississippi River Trade

This term refers to the economic activities and trade that historically took place along the Mississippi River, playing a crucial role in the development and growth of the United States, especially in the transportation of agricultural goods.

Natchez

A city in Mississippi known for its rich history and antebellum architecture.

French Colonial Control

The period of history when France established dominance over various regions across the globe, including parts of Africa, the Americas, and Asia, for economic, strategic, and colonization purposes.

Internal Slave Trade

The sale and transportation of enslaved African Americans within the United States, especially prevalent after the prohibition of the international slave trade in 1808, leading to the displacement of many from the Upper South to the Deep South.