Economists assume people behave rationally, which means that ...

[RRMR]

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.

[kescobar@64]

Answer to Question 1

B

Answer to Question 2

C

[RRMR]

Excellent

[Liddy]

Thanks for the timely response, appreciate it