Using the Grid Provided, Sketch the Graph of the Given

question 131

Multiple Choice

Using the grid provided, sketch the graph of the given function in the interval (-5, 5) and then determine the x-intercepts, if any.

• A)(-3,0) and (1,0)
• B)(-2,0)
• C)(-2,0) and (2,0)
• D)no x-intercepts
• E)(-4,0), (0,0), and (4,0)

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Definitions:

Binding Price Ceiling

A maximum price set by the government below the equilibrium price, leading to shortages as the demand exceeds supply.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given time period.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price within a specified time period.

Long Lines

Typically a result of excessive demand or insufficient supply, creating a situation where people have to wait for a long time to avail of a service or purchase a product.