In the mid-1700s, what was a main difference in the economic priorities of South Carolina’s two most powerful groups: planters and merchants?(1 point) Responses While planters wanted to sell their products at low prices, merchants wanted to buy their products at high prices to keep the price of goods high. While planters wanted to sell their products at low prices, merchants wanted to buy their products at high prices to keep the price of goods high. While planters were very concerned with trade connections with Britain, merchants were not. While planters were very concerned with trade connections with Britain, merchants were not. While merchants wanted to abolish the use of slave labor on plantations, planters wanted to continue the use of slave labor. While merchants wanted to abolish the use of slave labor on plantations, planters wanted to continue the use of slave labor. While planters wanted to sell their products at high prices, merchants wanted to buy their products at low prices and resell at a higher price to make a profit.

Answer 1

The correct response is: "While planters wanted to sell their products at high prices, merchants wanted to buy their products at low prices and resell at a higher price to make a profit."

This highlights the conflict of interest between the two groups, as planters aimed to maximize their profits from the sale of their agricultural products, while merchants sought to minimize their purchase costs in order to maximize their profit margins through resale.