Next Year's Value of Quantity 1 Is Obtained by Multiplying

question 12

Multiple Choice

Next year's value of quantity 1 is obtained by multiplying this year's value of quantity 1 by 0.75.Next year's value of quantity 2 is obtained by adding 0.75 to this year's value of quantity 1.Which of the two quantities are decaying exponentially? ​

• A) Only quantity 1
• B) Only quantity 2
• C) Both quantity 1 and quantity 2
• D) Neither quantity 1 nor quantity 2

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Definitions:

Consumers

Individuals or households that use goods and services generated within the economy.

Import Quota

A restriction set by the government on the amount or cost of products allowed to be brought into a country from abroad.

Tariff

A tax imposed by a government on goods and services imported from other countries.

Trucks

Large motor vehicles designed for transporting goods or materials over long or short distances.