When the colonies obtained independence they were no longer bound by a number of English laws,including the Navigation Acts.What best describes the impact of the removal of the Navigation Acts for commodities that were imported from Europe via England?

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Quizplus · Accepted Answer

The removal of the Navigation Acts allowed the colonies to import goods directly from Europe, rather than going through England. This increased the supply of commodities and, therefore, caused a shift out in the supply curve. This increased competition and lowered prices. The increased supply also led to an increase in the quantity demanded. Therefore, the removal of the Navigation Acts caused a shift out in the supply curve, which decreased the price and increased the quantity.

When the Colonies Obtained Independence They Were No Longer Bound