If a good or service is highly desired, but the quantity supplied is limited, the sellers usually experience higher profits, because consumers "bid up" the price of the scare good in the market.
The way that the enslavers used economics to justify slavery was
- White southerners would forced to put tariffs on their goods to maintain their income.
- White southerners would lose wealth due to higher labor costs if enslavement ended.
<h3>What was slavery in the United States?</h3>
This was the period that the black man from Africa was used to provide labor on the farms of the Southerners in the United States.
The labor that was used strictly was from slavery. The farmers were trying to say if slavery ended then their goods would become increased in price and they would pay for labor.
Read more on slavery here:brainly.com/question/9374853
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