Which of the following is NOT a likely market solution to the lemons problem?

In a simple economy without government or the foreign sector, saving must equal investment because output is divided into consumption and investment, and income is either consumed or saved

Indicate whether the statement is true or false

Suppose the price of crude oil drops from $150 a barrel to $120 a barrel. The quantity bought remains unchanged at 100 barrels. The coefficient of price elasticity of demand in this example would be

A) -0.5. B) infinity. C) -1.0. D) 0.