Multiple Choice
Table 9.1
-In Table 9.1, market 1 would be in equilibrium if buyers believed lemons accounted for:
A) 60% of the market.
B) 55% of the market.
C) 45% of the market.
D) 40% of the market.
Correct Answer:
Verified
Related Questions
Table 9.1
-In Table 9.1, market 1 would be in equilibrium if buyers believed lemons accounted for:
A) 60% of the market.
B) 55% of the market.
C) 45% of the market.
D) 40% of the market.
Correct Answer:
Verified