Question 13 of 20 : Select the best answer for the question.

13. What was the result of food shortages in Europe?

A. Rapid increase of food prices

B. The destruction of cities and towns

O C. The creation of NATO

O D. The forced migration of people to Eastern Europe

A. Rapid increase of food prices

Explanation:

When there was a shortage of food in Europe, the markets responded by increasing the prices of food.

This obeyed the Law of Supply which states that all else being equal, the supply of a good is inversely related to it's price. This means that the lower the supply, the higher the price (and vice versa) in order to cater for the scarcity.

first industrial revolution - the first wave of the industrial revolution lasted from the late 1700s to the mid-1800s. it industrialized the manufacture of textiles and began the move of production from homes to factories. steam power and the cotton gin played an important role in this period.

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