Which of these refers to the situation in which one party to an economic transaction takes advantage of knowing more than the other party to the transaction?

All of the following are differences between partnerships and corporations except

A) scale of ownershi

If, in response to a decrease in the price of grapes, the quantity of grapes demanded increases, economists would describe this as

A) a change in consumer income. B) an increase in quantity demanded. C) an increase in consumers' taste for grapes. D) an increase in demand.