Discuss how economists measure the following: (i) aggregate expenditure, (ii) aggregate income, and (iii) aggregate output

Charging prices closer to what consumers are willing to pay for a good

a. Reduces consumers surplus b. Increases producer surplus c. Both a and b d. None of the above

Computers and software programs are:

a. inferior goods. b. complementary goods. c. goods with a cross-price elasticity of demand of 0. d. substitute goods. e. perfectly elastic goods.