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Figure: Slave Redemption
-(Figure: Slave Redemption) Refer to the figure. Assume the graph illustrates the Sudanese slave trade. When slave redeemers enter the market, the price of slaves:
A) increases to $40.
B) decreases to $17.
C) stays unchanged at $40.
D) exceeds $40.

Question

Use the following to answer questions:
Figure: Slave Redemption 
-(Figure: Slave Redemption) Refer to the figure. Assume the graph illustrates the Sudanese slave trade. When slave redeemers enter the market, the price of slaves:
A) increases to $40. 
B) decreases to $17. 
C) stays unchanged at $40. 
D) exceeds $40.

Quizplus · Accepted Answer

When slave redeemers enter the market, they increase the demand for slaves, which typically drives up the price, assuming the supply remains constant.

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