Which of the Following Was Not One of Britain's Difficulties

question 116

Multiple Choice

Which of the following was not one of Britain's difficulties during the War for Independence?

• A) It had a large but ill-trained army.
• B) It had difficulty in supplying the army.
• C) Its navy had been weakened by budget cuts.
• D) American privateers seriously hampered Britain's merchant marine.
• E) It had a rising financial burden that the politically influential landed gentry were increasingly reluctant to shoulder.

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Definitions:

Elasticity of Demand

A gauge of the degree to which a change in price impacts the demanded amount of a good or service.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, typically expressed as a percentage.

Slightly Elastic

Slightly elastic refers to a situation where a small change in price leads to a relatively small change in the quantity demanded or supplied.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating its sensitivity to price changes.