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

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. Initially buyers believe that 50% of used cameras in the market are lemons (low quality) . Compared to the outcome with neutral expectations, how many fewer cameras are sold in equilibrium?

A) 10
B) 15
C) 20
D) 25