4 pts D Question 15 An inferior good or service is any good or service for which: an increase in price causes an increase in the quantity demanded. an increase in the amount consumed causes a decrease in marginal utility. an increase in income causes a decrease in demand. an increase in price causes a decrease in the quantity demanded. O a decrease in price causes an increase in demand. D Question 16 4 pts is the understanding that perfect information is not likely to be available, and that as a result, people make decisions that in hindsight look irrational, but in reality are the rational results of a brain that is economizing. O Dynamic inconsistency O Bounded rationality Rational ignorance Parametric determinism Reasoning