What Will It Cost? 1 Copyright © 2026 Pearson Education, Inc. What Will It Cost? Governments often create policies for affordable housing, so that prices do not rise too fast for the budgets of residents of the community. Economists carefully monitor the housing market to collect data to inform these policies. One set of data from the past ten years is shown in the tables. Each data point represents the average rental price for a two-bedroom apartment in the community that year. Average Rental Prices for Two-Bedroom Apartment Year Price ($) Year Price ($) 0 1,256 10 2,114 1 1,321 11 2,245 2 1,362 12 2,306 3 1,300 13 2,301 4 1,530 14 2,571 5 1,646 15 2,694 6 1,765 16 2,921 7 1,823 17 2,959 8 1,945 18 3,184 9 2,033 19 3,334 1. Use a scatterplot to graph the data. Then draw a curve of best fit to represent an exponential function for the data.
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