If a series of severe storms in the Atlantic Ocean drastically significantly disrupted the the transatlantic slave trade, which would most accurately describe the market for indentured servants in colonial America?
A) The price and quantity of servants would increase.
B) The price and quantity of servants would decrease.
C) The price of servants would increase and the quantity of servants would decrease.
D) The price of servants would decrease and the quantity of servants would increase.

Question

Quizplus · Accepted Answer

The disruption of the transatlantic slave trade would likely lead to an increased demand for indentured servants as an alternative source of labor. This increased demand, coupled with a potentially unchanged or even reduced supply, would drive up both the price and quantity of indentured servants in the market.

If a Series of Severe Storms in the Atlantic Ocean