Which of the Following Was a Result of the Industrial

question 16

Multiple Choice

Which of the following was a result of the Industrial Revolution?

• A) An increase in production in mining,manufacturing,and services
• B) The dominance and expansion of agriculture in the economic sector
• C) The decline of the middle class and the rise of the working class
• D) The closing of the economic gap between rich and poor countries

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Definitions:

Price Elasticity of Demand

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

Funeral Homes

Businesses that provide services related to the burial, cremation, funeral ceremonies, and management of the deceased's final arrangements.

Revenue

The total income generated by a firm from its business activities, typically from the sale of goods and services to customers, before any expenses are deducted.

Price Elasticity of Demand

A metric showing the sensitivity of demand for an item to its price alterations.