Sue's Bagel Shop wants to estimate how responsive the demand for bagels is to a change in her cream cheese prices. To accomplish this task, the following data would not be needed:

a. percentage change in bagel prices
b. original price of cream cheese
c. new quantity of bagels sold
d. original quantity of bagels sold
e. new price of cream cheese

Economics

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Figure 4-25

Refer to . After the tax is levied, consumer surplus is represented by area
a.
A.
b.
A + B + C.
c.
D + E + F.
d.
F.

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Economics

The French term "laissez-faire" means:

A. "there is no free lunch." B. "let it be." C. "circular flow." D. "public ownership."

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Economics