An Economic Analysis of the Burdens Imposed on the Colonists

Multiple Choice

An economic analysis of the burdens imposed on the colonists by the Navigation Acts for commodities that were imported from Europe via England can best be described as:

A) A shift back in the demand curve and a resulting decrease in the price of the goods.
B) A shift back in both the supply and demand curves.
C) A shift out of the supply curve and a shift back in the demand curve.
D) A shift back in the supply curve, which increases the price and decreases the quantity.