Final answer:
The scenario with the fluid flowing at a velocity twice that of the sound-emitting device, in the same direction as the device is moving, is most likely to produce a readable Doppler shift.
Step-by-step explanation:
The scenario that is most likely to produce a readable Doppler shift is scenario I, where the fluid is flowing at a velocity twice that of the sound-emitting device, in the same direction as the device is moving. The Doppler effect occurs when there is relative motion between the observer (the sound-emitting device) and the source (the fluid). In this scenario, the relative motion enhances the Doppler effect, resulting in a noticeable shift in the frequency of the ultrasound waves reflected from the fluid.