QUESTION 4 Figure Slave Redemption and Elasticity Price of D

QUESTION 4 Figure: Slave Redemption and Elasticity Price of Demand from potential slave owner 23 demand trom redeemers potential slave ownes 00 1000 5400 Quantity of tper year) Reference Ref 5-3 Figure: Slave Redemption and Elasticity) Refer to the figure How many new slaves are captured after the redemption program is installed? O A 800 o B. 400 ? 1,400 O D 1,000

Solution

At first, before redemption 1000 redemption were captured. After redemption 1400 slaves are captured. Therefore new slaves (1400-1000)=400

Option B is correct.