Table 14.2
-Refer to Table 14.2,which shows the market for used fishing boats.Which of the following is NOT true about this market?
A) The price buyers 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 are false.

Question

Table 14.2
-Refer to Table 14.2,which shows the market for used fishing boats.Which of the following is NOT true about this market?
A) The price buyers 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 are false.

Quizplus · Accepted Answer

The table shows that the proportion of lemons (low-quality boats) in the market will actually decrease over time, not rise. Therefore, option C is false, while options A and B are true.

Table 14.2 -Refer to Table 14.2,which Shows the Market for Used Fishing