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A Scientist Asserts That Properly Collected Data Are Essential to Scientific

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Essay

A scientist asserts that properly collected data are essential to scientific method. Is she correct? Explain.


Definitions:

Consumer Surplus

The gap between what consumers are prepared to spend on a good or service and what they end up paying.

Price

The cost at which goods or services are offered to consumers.

Surplus Amount

The excess of supply over demand in a market, resulting in downward pressure on prices.

Consumer Surplus

The discrepancy between what consumers are ready and capable of paying for a product or service and the actual amount they end up paying.

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