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The Suffix -Ic Means "Pertaining To

question 142

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The suffix -ic means "pertaining to."


Definitions:

Unit Elasticity

A circumstance where the percentage variation in the quantity that is either demanded or supplied matches the percentage variation in its price.

Demand

The amount of a product or service that shoppers are ready and capable of buying at different price levels within a specific period.

Total Revenue

The sum of money a company earns from selling products or providing services in a specific time frame.

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