Suppose the expenditure figures in Problem 1 were modified as follows. (Figures are in thousands.) Draw this

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Suppose the expenditure figures in Problem 1 were modified as follows. (Figures are in thousands.)
Suppose the expenditure figures in Problem 1 were modified as

Draw this S-curve. What does the new S-curve diagram represent? How would you explain the reason for the different, non-S-shape of the curve?

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