The economic effects of the Black Death include:
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The shortage of workers caused a dramatic rise in the price of labor.
The significant decline in population due to the Black Death resulted in a labor shortage, which meant that workers could command higher wages.
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The decline in the number of people lowered the demand for food, resulting in falling prices.
With fewer people to feed, the demand for food decreased, leading to a drop in food prices.
The other options provided are not accurate reflections of the economic impact:
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Landlords had to pay less for the price of labor as the number of people declined.
This statement is incorrect; instead, landlords had to pay more due to the labor shortage.
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Trade flourished as the demand for food and supplies increased.
This statement is also misleading; while some trade may have resumed, overall trade networks were significantly disrupted, and the demand for food decreased, leading to lower prices rather than an increase in demand.
Therefore, the correct effects are the rise in the price of labor and the decrease in demand for food leading to falling prices.