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MariettaO [177]
3 years ago
9

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

History
1 answer:
dolphi86 [110]3 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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