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Figure 9.2 -Figure 9.2 Represents the Market for Used Cameras. Suppose Buyers

Question 43

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  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 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

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