The Battle of Gettysburg Was Significant Because

question 38

Multiple Choice

The Battle of Gettysburg was significant because

• A) it revived Southern military fortunes and hopes for an ultimate military victory of the Union.
• B) it guaranteed Lincoln's re-election in 1864.
• C) Philadelphia and New York were safe from attack.
• D) Lee's military genius and right-hand man, Stonewall Jackson, was killed.
• E) Union victory meant that the Southern cause was doomed.

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Definitions:

Perfectly Elastic

A situation where a small price change results in an infinite change in the quantity demanded or supplied.

Supply

The total amount of a good or service available for purchase at any given price level in a market.

Inelastic Demand

A situation where the quantity demanded of a good or service changes very little when its price changes.

Luxury

Goods or services that are considered superior in quality and are often expensive, catering to a more affluent consumer base.