Table 14.1
-Refer to Table 14.1,which shows the market for used motorcycles in a small Midwestern town.As buyers adjust their expectations of lemons in this market,
A) the price they will be willing to pay will rise.
B) the quantity of plums supplied will rise.
C) the proportion of lemons in the market will rise.
D) all of the above

Question

Table 14.1
-Refer to Table 14.1,which shows the market for used motorcycles in a small Midwestern town.As buyers adjust their expectations of lemons in this market,
A) the price they will be willing to pay will rise. 
B) the quantity of plums supplied will rise. 
C) the proportion of lemons in the market will rise. 
D) all of the above

Quizplus · Accepted Answer

The Answer is C

Table 14.1 -Refer to Table 14.1,which Shows the Market for Used Motorcycles