2 years ago

Which statement illustrates the law of supply and demand when applied to the development of the fur trade?

History

1 answer:

dolphi86 [110]2 years ago

5 0

Answer:

There were very few beavers left in Europe, so demand for their fur was very high.

Explanation:

Beavers are common in North America, but they aren't common in Europe. Therefore, their fur would be much more valuable in Europe than in North America.

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