Sue Bought 3 Packages of Cookies and 2 Sacks of Potato

question 19

Multiple Choice

Sue bought 3 packages of cookies and 2 sacks of potato chips for $3.63. Later she bought 5 more packages of cookies and 3 additional sacks of potato chips for $5.87. Find the price of a package of cookies.

• A) A package of cookies cost $0.85.
• B) A package of cookies cost $0.52.
• C) A package of cookies cost $0.54.
• D) A package of cookies cost $0.84.
• E) A package of cookies cost $0.83.

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Definitions:

Western Democracies

Countries in the Western hemisphere that operate under a democratic form of government, emphasizing individual freedom and electoral representation.

Elastic Supply

A situation where the quantity supplied of a good or service changes significantly in response to changes in price.

Tax Burden

The overall impact of taxes on an individual or entity's finances, often expressed as a percentage of income or total cost.

Deadweight Loss

The loss of gains from trade to buyers and sellers that occurs when a tax is imposed. The deadweight loss imposes a burden on both buyers and sellers over and above the actual payment of the tax.