APPLY IT Consumer Demand When the price of an
essential commodity (such as gasoline) rises rapidly, consump-
tion drops slowly at first. If the price continues to rise, however,
a "tipping" point may be reached, at which consumption takes
a sudden substantial drop. Suppose the accompanying graph
shows the consumption of gasoline, $G(t),$ in millions of gal-
lons, in a certain area. We assume that the price is rising rapidly.
Here $t$ is time in months after the price began rising. Use the
graph to find the following.
$${ (a) }\lim _{t \rightarrow 12} G(t) \quad \text { (b) } \lim _{t \rightarrow 16} G(t)$$(c) $G(16) \quad$ (d) The tipping point (in months)