Question

Predict the economic consequences if Chinese goods in high demand in Europe became almost impossible to obtain during the Ming period?
A. Prices of the goods in Europe would not change. Sales in China would increase.


B. Prices of the goods in Europe would fall dramatically. Smuggling would decrease.


C. Prices of the goods in Europe would not change. Sales in Europe would increase.


D. Prices of the goods in Europe would rise dramatically. Smuggling would increase.

Answer 1

C. Prices of the goods in Europe would not change. Sales in Europe would increase.

Answer 2

D is the correct answer. High demand = Higher prices