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

Question

Quizplus · Accepted Answer

To estimate how responsive the demand for bagels is to a change in cream cheese prices, Sue needs data related to cream cheese prices and the quantity of bagels sold before and after the price change. The percentage change in bagel prices is not directly relevant to this specific analysis.

Sue's Bagel Shop Wants to Estimate How Responsive the Demand