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Author Question: Economists assume people behave rationally, which means that people A) never make a mistake. B) ... (Read 99 times)

RRMR

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on: Jun 29, 2018
Economists assume people behave rationally, which means that people
 
  A) never make a mistake.
  B) do not intentionally make decisions that make themselves worse off.
  C) have the necessary information to always make correct decisions.
  D) always understand the consequences of their decisions.

Question 2

If price increases and the quantity purchased increases, we know that
 
  A) supply increased.
  B) supply decreased.
  C) demand increased.
  D) demand decreased.


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kescobar@64

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


RRMR

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  • Posts: 557
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

scottmt

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Reply 3 on: Yesterday
Wow, this really help

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