Graph Shows the Number of Sports Utility Vehicles $f ( t )$

question 128

Multiple Choice

Graph shows the number of sports utility vehicles $f ( t )$ sold in the United States. $f ( t )$ represents sales in year t in thousands of vehicles. Find $$f ( 10 )$$ .

• A)1,000,000
• B) 750,000
• C) 450,000
• D) 1,150,000
• E) 950,000

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Definitions:

Inverse Supply

A concept in economics that describes a situation in which the supply of a good decreases as its price decreases, opposite to the normal supply behavior.

Tax

Mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Excess Demand

A situation where the quantity demanded of a good exceeds the quantity supplied at a particular price, leading to a shortage.

Supply Function

A mathematical function that illustrates the quantity of a good that producers are willing and able to sell at different price levels.