Multiple Choice
Figure 9.2
-Figure 9.2 represents the market for used cameras. Suppose buyers are willing to pay $125 for a plum (high-quality) used camera and $25 for a lemon (low-quality) used camera. If buyers believe that 50% of used cameras in the market are lemons (low quality) , how many plums (high quality) will be supplied by sellers?
A) 10
B) 15
C) 20
D) 25
Correct Answer:

Verified
Correct Answer:
Verified
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