A hypothesis is
a. an assumption about behavior
b. a prediction of what will occur given certain assumptions
c. a prediction of what will occur regardless of assumptions
d. a forecast of future events
e. useful only if the assumptions are realistic
Question 2
Behavioral assumptions
a. make economic models more complex than if these assumptions were removed
b. pertain only to consumers
c. hold all other things constant
d. are ways to test a hypothesis
e. describe how individuals are expected to behave
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Calico cat illustrates the Lyon hypothesis