The Suffix -Ic Means

question 18

Multiple Choice

The suffix -ic means:

• A)instrument used to examine.
• B)knowledge.
• C)pertaining to.
• D)process of cutting or making an incision.

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Definitions:

Price-Elastic

Price-elastic refers to the responsiveness of the quantity demanded or supplied of a good to a change in its price; high elasticity means quantity changes significantly with price changes.

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.