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Source: U.S.Census Bureau Current Population Surveys.
-Which of the following reasons might explain the trend in the graph?
Tape Recorder
An electronic device used for recording sound on magnetic tape and subsequently playing back the recorded audio.
Tapes
Are thin strips of material, traditionally magnetic, used for recording sound, images, or data, though often supplanted by digital media.
Demand Functions
An equation that illustates the relationship between the price of a product and the quantity demanded by consumers.
Income Offer Curve
A graphical representation showing how changes in income affect the quantities of goods consumed, holding prices constant.
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