Instructions: Identify the Following

question 81

Essay

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Transcontinental Railroad, Promontory Point

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Definitions:

Amtrak Train Service

A government-owned corporation that provides intercity passenger train service in the United States.

Other Passengers

Individuals sharing a transport service such as a bus, plane, or carpool, not including the service provider or driver.

Elastic Demand

Describes a market situation in which the quantity demanded of a good or service significantly changes in response to a change in price.

Ticket Price

Ticket Price is the cost paid to obtain admission to an event, such as a concert, movie, or sporting event.