What does the point (1, 2) represent?
The graph represents the parking fees at a mall parking lot.

On a coordinate plane, a graph titled Parking Fees shows time in hours on the x-axis and cost in dollars on the y-axis. A piecewise function has 3 lines. The first line has an open circle at (0, 2) and continues horizontally to a closed circle at (1, 2). The second line has an open circle at (1, 4) and continues horizontally to a closed circle at (4, 4). The third line has an open circle at (4, 6) and continues horizontally to (8, 6).