(Figure: Slave Redemption with Perfectly Elastic Supply) Refer to the figure. Suppose the supply curve is perfectly elastic as it is in the graph, a rise in the demand for slaves (from D1 to D2) causes: Figure: Slave Redemption with Perfectly Elastic Supply
A) the number of people in slavery to remain at 500 after the redemption program.
B) the price of slaves to remain unchanged.
C) 400 additional people to enter slavery temporarily before they are released.
D) All of the answers are correct.

Question

(Figure: Slave Redemption with Perfectly Elastic Supply) Refer to the figure. Suppose the supply curve is perfectly elastic as it is in the graph, a rise in the demand for slaves (from D1 to D2) causes: Figure: Slave Redemption with Perfectly Elastic Supply 
A) the number of people in slavery to remain at 500 after the redemption program. 
B) the price of slaves to remain unchanged. 
C) 400 additional people to enter slavery temporarily before they are released. 
D) All of the answers are correct.

Quizplus · Accepted Answer

The Answer of (Figure: Slave Redemption with Perfectly Elastic Supply) Refer to the figure. Suppose the supply curve is perfectly elastic as it is in the graph, a rise in the demand for slaves (from D1 to D2) causes: Figure: Slave Redemption with Perfectly Elastic Supply 
A) the number of people in slavery to remain at 500 after the redemption program. 
B) the price of slaves to remain unchanged. 
C) 400 additional people to enter slavery temporarily before they are released. 
D) All of the answers are correct.

(Figure: Slave Redemption with Perfectly Elastic Supply) Refer to the Figure