Product% Change in Income% Change in Quantity DemandedW-1-1X+6+3Y-1+1Z+4+8Refer to the table above. Which product is a normal good but least responsive to a change in income

If resource A and resource B are substitutes of each other and the price of resource A increases, then:

a. the price elasticity of demand for resource B will increase. b. the demand for resource A will increase. c. the demand for resource B will increase. d. the price elasticity of demand for resource B will decrease. e. the demand for resource B will decrease.

Asymmetric information includes the concepts of

A) moral hazard transfer costs. B) adverse selection and public goods. C) adverse selection and moral hazard. D) negative and positive externalities.