Why would the price of sea otter pelts likely increase after Native Americans learned of China’s involvement in the maritime fur trade?

Question

(1 point)
Responses

Native Americans learned how valuable the pelts were to the Chinese, so they increased the amount traders had to pay.
Native Americans learned how valuable the pelts were to the Chinese, so they increased the amount traders had to pay.

Native Americans did not want the pelts to leave their land, so they increased the price to try to stop sale to the Chinese.
Native Americans did not want the pelts to leave their land, so they increased the price to try to stop sale to the Chinese.

Native Americans tried to prevent trappers from killing more sea otters, so the pelts became more rare.
Native Americans tried to prevent trappers from killing more sea otters, so the pelts became more rare.

Native Americans joined the other trappers selling pelts, which increased the supply and raised the price in the United States.

Answer 1

The most accurate response to why the price of sea otter pelts would likely increase after Native Americans learned of China’s involvement in the maritime fur trade is:

Native Americans learned how valuable the pelts were to the Chinese, so they increased the amount traders had to pay.

This response reflects the economic principle of supply and demand. Once Native Americans realized the high value of the pelts in the Chinese market, they would likely leverage this information to negotiate higher prices with traders.