15 10 d. 5 10 15 Original price (in dollars) Sale price (in dollars)

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
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HOW DO YOU SEE IT? The graphs labeled
L1, L2, L3, and L4 represent four different
pricing discounts, where p is the original
price (in dollars) and S is the sale price (in
dollars). Match each function with its graph.
Describe the situations in parts (c) and (d).
5 10 15
5
10
15
p
S
Sale price (in dollars)
Original price (in dollars)
L1
L3
L4
L2
(a) f(p): A 50% discount is applied.
(b) g(p): A $5 discount is applied.
(c) (g ∘ f)( p)
(d) ( f ∘ g)( p)

15
10
d.
5
10
15
Original price (in dollars)
Sale price (in dollars)
Transcribed Image Text:15 10 d. 5 10 15 Original price (in dollars) Sale price (in dollars)
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