For This Question,refer to the Following Map,"Indian Country in the West,to

question 46

Multiple Choice

For this question,refer to the following map,"Indian Country in the West,to 1890." The changes depicted on the map above were most directly the result of

• A) economic instability in the farming sector.
• B) the development of mechanized agriculture.
• C) the rise of big business.
• D) the use of military force in response to American Indian resistance.

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Definitions:

Wedge

The difference between the demand price of the quantity transacted and the supply price of the quantity transacted for a good when the supply of the good is legally restricted. Often created by a quantity control, or quota.

Demand Price

The price of a given quantity at which consumers will demand that quantity.

Perfectly Inelastic

A market situation where the quantity demanded or supplied does not change in response to a change in price.

Deadweight Loss

The inefficiency caused in a market where all potential gains from trade are not realized due to factors like taxes or subsidies.