Tobacco prices fell dramatically in the early 1600s in spite of ...

[khang]

Tobacco prices fell dramatically in the early 1600s in spite of demand increases because:
 a. supply was also increasing.
  b. supply was decreasing.
  c. new farming machinery was introduced.
  d. the colonial government provided agriculture subsidies for tobacco farmers.

Question 2

It has been argued that banks tended not to take full advantage of issuing notes, thereby passing up potential profits because:
 a. the profit amounts were small.
  b. they were not the types of profits conservative bankers wanted to pursue.
  c. regulations and opportunity costs involved with the issuance itself limited the profits.
  d. All of the above are correct.
  e. Only a and c are correct.

[mistyjohnson]

Answer to Question 1

a. supply was also increasing.

Answer to Question 2

d. All of the above are correct.

[khang]

TYSM

[bimper21]

Great answer, keep it coming