Solve the Problem. -The Town of Appleville Recorded the Following Dates and Populations

question 109

Multiple Choice

Solve the problem.
-The town of Appleville recorded the following dates and populations. Draw a graph of the population as a function of time. What was the approximate population of Appleville in 2002?

• A)11,000
• B)12,000
• C)13,000
• D)10,000

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Definitions:

Law of Demand

A principle in economics that states the quantity demanded of a good falls as the price rises, and vice versa, all else being equal.

Pepsi

A carbonated soft drink produced and manufactured by PepsiCo, and one of the world's most famous and recognizable cola beverages.

Quantity

The quantity of a material or abstract item that is typically not measured in spatial terms.

Substitutes

Goods or services that can be used in place of one another, where the consumption of one increases when the price of the other increases.