The Formal Event Which Led to the Break Between the American

question 63

Multiple Choice

The formal event which led to the break between the American colonies and England was the

• A) creation of the Articles of Confederation.
• B) confrontation at Yorktown.
• C) confrontation over the Stamp Act.
• D) signing of the Declaration of Independence.
• E) creation of the United States Constitution.

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Definitions:

Price Elasticity

An indicator of the sensitivity of the demand for a product to fluctuations in its price, represented by the percentage change.

Quantity Demanded

The specific amount of a product that buyers are willing to purchase at a given price, holding all other factors constant.

Absolute Value

A mathematical function that describes the distance of a number on the number line from zero, disregarding its direction; always a non-negative value.

Midpoint Method

A technique used in economics to calculate the elasticity of demand or supply, minimizing the bias in calculation by taking the average of the initial and final quantities and prices.