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Figure 9.4 -Figure 9.4 Represents the Market for Used 12 Megapixel Digital

Question 56

Multiple Choice

Figure 9.4 -Figure 9.4 represents the market for used 12 megapixel digital cameras. Suppose buyers are willing to pay $400 for a plum (high-quality) used digital camera and $200 for a lemon (low-quality) used digital camera. If buyers believe that 50% of used digital cameras in the market are lemons (low quality) , how many lemons will be supplied by sellers? A) 50 B) 60 C) 150 D) 200 Figure 9.4
-Figure 9.4 represents the market for used 12 megapixel digital cameras. Suppose buyers are willing to pay $400 for a plum (high-quality) used digital camera and $200 for a lemon (low-quality) used digital camera. If buyers believe that 50% of used digital cameras in the market are lemons (low quality) , how many lemons will be supplied by sellers?


A) 50
B) 60
C) 150
D) 200

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