Order the answer to: Each statement below is part of an economic model. Indicate

Paper help business-economics Order the answer to: Each statement below is part of an economic model. Indicate

business-economics

Order the answer to: Each statement below is part of an economic model. Indicate

Question Each statement below is part of an economic model. Indicate whether the statement is a prediction of cause and effect or an assumption.
a. People behave rationally.
b. If the price of a good falls, people will consume more of that good.
c. Mass starvation will occur as population outgrows the food supply.
d. Firms want to maximize profits.
Subject business-economics
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