Predict the economic consequences if Chinese goods in high demand in Europe became almost impossible to obtain during the Ming p

Question

3 years ago

6

Predict the economic consequences if Chinese goods in high demand in Europe became almost impossible to obtain during the Ming p

eriod?
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.

History

2 answers:

vredina [299] · Answer 1 · 2022-04-19T21:55:52+03:00

vredina [299]3 years ago

7 0

<span>C. Prices of the goods in Europe would not change. Sales in Europe would increase.
</span>

nadezda [96] · Answer 2 · 2022-04-19T23:56:24+03:00

nadezda [96]3 years ago

7 0

D is the correct answer. High demand = Higher prices