If a price ceiling of $4.00 per gallon is imposed on gasoline, and the market equilibrium price is $4.50, then the price ceiling is a binding constraint on the market

What is the main shortcoming of the Big Mac Index?

What will be an ideal response?

Assume a firm sells two complementary products. Bundling is more likely to be a successful price discrimination strategy when one group of customers is willing to pay a higher price for one of the items in the bundle and another group is willing to

pay a higher price for the other item. Indicate whether the statement is true or false