Theoretically, the price of a field hand on the New Orleans slave market would have
A)varied directly with the price of cotton.
B)risen as interest rates fell.
C)risen when the importation of slaves became illegal.
D)All of the above are true.

Question

Quizplus · Accepted Answer

The price of a field hand would have varied directly with the price of cotton due to demand for labor, risen as interest rates fell because lower borrowing costs could increase investment in slaves, and risen when the importation of slaves became illegal due to reduced supply.

Theoretically, the Price of a Field Hand on the New