One of the important contributions of behavioral economics is the focus on how people make decisions involving:

Which of the following will both make people buy less?

a) wealth falls and interest rates fall b) wealth and interest rates rise c) wealth falls and interest rates rise d) wealth rises and interest rates fall

When the demand and supply of a good both shift in the same direction and amount: a. Price will change in the same direction as the shifts in supply and demand

b. Price will change in the opposite same direction as the shifts in supply and demand. change in price and an increase in quantity exchanged. c. Quantity exchanged will change in the same direction as that of the shifts in supply and demand. d. Quantity exchanged will change in the opposite direction from that of the shifts in supply and demand