Which Statement Most Accurately Summarizes the Aftermath of the American

question 6

Multiple Choice

Which statement most accurately summarizes the aftermath of the American Revolution?

• A) Many cities were in ruins, many farmers owned large debts, and the British were still a powerful presence.
• B) The economy was gaining in strength and the British military had left North America.
• C) Cities had strong economies, and the currency was strong.
• D) Taxes were low, and the currency was sound.
• E) Spain and Britain were no longer relevant on the North American continent.

---

Definitions:

Price Elasticity

The determination of how significantly a good's demanded quantity is influenced by its price movements.

Midpoint Method

A technique used in economics to calculate the percentage change between two numbers, offering a more accurate depiction of proportionate change.

Supply

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

Quantity Supplied

The total amount of a product or service that producers are willing and able to sell at a given price in a specific time period.