How did the kings of Ghana use the law of supply and demand to their advantage?

History

2 answers:

qwelly [4]3 years ago

7 0

Answer:

The kings of Ghana used the law of supply and demand to their advantage by limiting the amount of gold available for trade, increasing its value.

Explanation:

According to the law of supply and demand, when there is a high demand of a product but the amount of the good available for trade is scarce - either naturally or forced - the price of the goods will increase. This is what the kings of Ghana did, becoming a strong force in trans-Saharan trade.

crimeas [40]3 years ago

6 0

They limited the amount of gold available for trade, increasing its value.

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