In 1808, when slavery in the United States was still legal, Congress banned the importation of new slaves. Under these circumstances, would a slave redemption campaign have worked well? Why?
A) Yes, because the supply of slaves was elastic.
B) Yes, because the supply of slaves was inelastic.
C) No, because the supply of slaves was elastic.
D) No, because the supply of slaves was inelastic.
Correct Answer:
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