Scenario: You Walk into a Used Car Lot to Buy

Multiple Choice

Scenario: You walk into a used car lot to buy your first car. However, you are not sure of the quality of the cars in the lot and expect one-third of them to be of poor quality.
-Refer to the scenario above.Suppose you decide to buy a Toyota Corolla.You value the car at $10,000,but the car dealer values it at $8,500,which is not known to you.What is the minimum price the seller will accept for the car?

A) $8,500
B) $7,000
C) $10,000
D) $5,000