Tying is a form of price discrimination in which one good called the ____ is tied to a second good called the ____.

Why do the sellers of some whiskeys pay for advertisements to tell people their whiskey is extremely expensive?

A) Because the sellers either do not know or do not accept the law of demand B) To allocate the product to people who will most appreciate it C) To increase the demand D) To lower the demand and keep production costs low E) To prevent "price shock" among potential customers

When the relationship shown in the Phillips curve is put into the aggregate demand curve, the horizontal portion of the aggregate demand curve disappears

Indicate whether the statement is true or false