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Solve the problem.
-Eight million E. coli bacteria are present in a laboratory culture. An antibacterial agent is introduced and the population of bacteria decreases by half every . The population can be represented by . Convert this to an exponential function using base .
Economic Impact
The effect of an event, policy, or market condition on the economy, which can be observed in changes to GDP, employment, or investment.
Price Floor
A government-imposed limit on how low a price can be charged for a product, typically above the equilibrium price to help producers.
Quantity Demanded
The total amount of a good or service that consumers are willing to purchase at a given price over a specified period.
Rationing Mechanism
A system or method used to distribute scarce resources or goods among consumers, often based on criteria other than price.
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