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Use a graphing calculator to plot the data and find the quadratic function of best fit.
-The number of housing starts in one beachside community remained fairly level until 1992 and then began to increase. The following data shows the number of housing starts since 1992 (x = 1) . Use a graphing calculator to
Plot a scatter diagram. What is the quadratic function of best fit?
Tax Incidence
The manner in which the burden of a tax is shared among participants in a market.
Tax Burden
The measure of the total amount of taxes that individuals, businesses, or other entities must pay, relative to their income or profits.
Tax Revenues
The income that is gained by governments through taxation, which is used to fund public services, government obligations, and goods.
Benefits Principle
A concept that suggests taxes should be levied based on the benefits received by taxpayers, ensuring that those who benefit more from public services pay more taxes.
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