35. The increase in income generated by the additional government expenditure decreases the demand for money. True False 38. The suggestion that a seller will try to set price based on "what the market will bear" is explicit recognition of the constraint imposed by: the need for most firms to earn positive economic profits over time if they are to remain in business. the price elasticity of demand for that item. ||>

35. The increase in income generated by the additional government expenditure decreases the demand for money. True False 38. The suggestion that a seller will try to set price based on "what the market will bear" is explicit recognition of the constraint imposed by: the need for most firms to earn positive economic profits over time if they are to remain in business. the price elasticity of demand for that item. ||>

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 12PA

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