Final answer:
Option (D), The Black Death led to a shortage of labor, allowing peasants to demand higher wages and contributing to the decline of feudalism.
Step-by-step explanation:
A consequence of the event described is D) Increased wages for peasants due to higher demand for labor. After the Black Death, massive depopulation led to labor shortages as many people died from the plague. This meant that peasants could demand higher wages, as their labor became more valuable to the surviving landlords and in the burgeoning cities.
Additionally, peasants began to seek better conditions and employment opportunities beyond their traditional feudal obligations. This shift contributed to the decline of feudalism and the change in the social and economic structures of Europe during that time.