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Determine whether the linear transformation T is one-to-one and whether it maps as specified.
-The population of a city in 2000 was 400,000 while the population of the suburbs of that city in 2000 was 900,000.
Suppose that demographic studies show that each year about of the city's population moves to the suburbs (and stays in the city) , while of the suburban population moves to the city (and remains in the suburbs) .
Compute the population of the city and of the suburbs in the year 2002. For simplicity, ignore other influences on the population such as births, deaths, and migration into and out of the city/suburban region.
Demand Curve
A visual depiction of how the price of a product influences the amount consumers are willing to buy.
Market Demand Curve
represents the total quantity of a good or service that consumers in a market are willing and able to purchase at different prices.
Quantity Demanded
The total amount of a good or service consumers are willing and able to purchase at a specific price.
Price
The amount of money expected, required, or given in exchange for an item or service in a market.
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