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

Question

Quizplus · Accepted Answer

The disruption of the transatlantic slave trade would lead to a decrease in the supply of slaves available in colonial America. According to the principles of supply and demand, a decrease in supply, with demand remaining constant, would result in an increase in the price and a decrease in the quantity of slaves.

If a Series of Severe Storms in the Atlantic Ocean