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The answer is that the amount consumed of that good will drop a lot, not much tax revenue will be generated, and there will be a lot of dead weight loss

Part 3: Resolve

[26] In the 17th century, 75% of all colonists in Virginia had come as servants, [27] indentured (with a term of 4 to 7 years of service) or Africans in perpetuity (for life), the latter being preferred as they were cheaper sources of labor: If it were not for the accidental negroes [brought by Treasurer ], I were not able to raise one pound of tobacco this year for the defrayment of any public work.These slaves are the most proper and cheap instruments for this plantation that can be

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