Which of the Following Does Not Describe the Ancient Phoenicians

question 11

Multiple Choice

Which of the following does not describe the ancient Phoenicians?

• A)They were considered "traders of the world."
• B)They were known for creative military techniques.
• C)Phoenician culture was spread by way of colonies.
• D)Purple dyed textile fabrics were their trademark.
• E)Their alphabet was based on the Ugarit alphabet.

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Definitions:

Inelastic

A description of a situation where the demand or supply for a good or service is relatively unresponsive to changes in price.

Price Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price, indicating the sensitivity of demand or supply to price changes.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price, holding all other factors constant.

Inelastic

Refers to a scenario in which a change in price leads to a comparatively small change in the quantity demanded or supplied.