Multiple Choice
(Figure: Slave Redemption with Perfectly Elastic Supply) Referto the figure. Suppose the supply curve is perfectly elastic as itis in the graph, a rise in the demand for slaves (from D1 to D2) causes:
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.
Correct Answer:
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