This is an expontential growth, which is a growth based on f(x) = b*a^x
b = 1500
a = 1.03
x = 3
f(3)=1500*1.03^3 = 1639.10$
After three years the fridge would cost 1639.1$.
D1 = 60 for a price of $80. Charging $80 will ensure supply exceeds demand.
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The store apparently could charge a price slightly lower than $80, but we cannot tell from the chart how much lower.
Answer:
1) D
2) C
Step-by-step explanation: