Answer:
The Tea Act of 1773 was one of several measures imposed on the American colonists by the heavily indebted British government in the decade leading up to the American Revolutionary War (1775-83). The act’s main purpose was not to raise revenue from the colonies but to bail out the floundering East India Company, a key actor in the British economy. The British government granted the company a monopoly on the importation and sale of tea in the colonies. The colonists had never accepted the constitutionality of the duty on tea, and the Tea Act rekindled their opposition to it. Their resistance culminated in the Boston Tea Party on December 16, 1773, in which colonists boarded East India Company ships and dumped their loads of tea overboard. Parliament responded with a series of harsh measures intended to stifle colonial resistance to British rule; two years later the war began.
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Answer:
The correct answer is a. the equilibrium quantity decreases, and the equilibrium price is unchanged.
Explanation:
A perfectly elastic demand is an extreme case in which quantity demanded falls to zero with any increase in price, and increases to infinity when price drops.
Now we have this relation clear, it is important to notice that the question is introducing a third variable, which is quantity supplied. When supply decreases, the price remains the same, since only at this price consumers buy the good. The only change that ocurred is related to the availability of the product in the market.
In a normal scenario, an elastic demand would respond to this decrease in supply, pushing the price up, since consumers are willing to pay more. But given that we assume that the demand is perfectly elastic, the price remains the same, otherwise demand would fall to zero.
Answer:
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Explanation:
Answer:
E. Both the Whigs and the Democrats tried to avoid the issue of slavery.
Explanation:
There are large percentage of Southerners who owned farms and plantation that became The supporters base of the whigs and the Democrats at that time.
Both of these party afraid that if they advocated to abolish the slavery, a lot of their supporter base will be gone and it will be hard for them to maintain their influence. (since slave labors are very important for the plantation/farm owners)
Because of this, Both the Whigs and the Democrats tried to avoid the issue of slavery.
The answer would be true.
