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In 1990, a town s population was 24,127. In 1998, the town s population increased to 33,887. Assuming that the population increased exponentially from 1990-1998, this data can be modeled by where t is the number of years since 1990.
Price
The monetary figure anticipated, obligated, or dispensed in transaction for a service or good.
Quantity
The amount or number of a material or immaterial good or service.
Deadweight Loss
A loss of economic efficiency that occurs when the equilibrium outcome is not achievable or not achieved in a market.
Price
The cash amount projected, called for, or allocated in settlement for a product.
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