The market for used cars is shown in the above figure. Buyers ...

[WhattoUnderstand]

The market for used cars is shown in the above figure. Buyers cannot tell whether any given car is a lemon. Ten percent (10%) of all cars are lemons. Which of the following statements is TRUE?
◦ Only good cars will be sold.
◦ No cars will be sold.
◦ All of the cars will be sold.
◦ Only lemons will be sold.

[samiel-sayed]

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[nautica902]

The market for used cars is shown in the above figure. Buyers cannot tell whether any given car is a lemon. Forty percent (40%) of all cars are lemons. Which of the following statements is TRUE?
◦ No cars will be sold.
◦ All of the cars will be sold.
◦ Only lemons will be sold.
◦ Ten percent of the used cars sold will be lemons.

[kalskdjl1212]

Only lemons will be sold.

[nautica902]

Excellent

[kalskdjl1212]

Great! Please up vote

[humphriesbr@me.com]

The market for used cars is shown in the above figure. Buyers cannot tell whether any given car is a lemon. Forty percent (40%) of all cars are lemons. Which of the following statements is TRUE?
◦ Only lemons will be sold at $1,600.
◦ No cars will be sold.
◦ All of the cars will be sold at $1,600.
◦ Only lemons will be sold at $1,000.

[Jane]

Only lemons will be sold at $1,000.

[NguyenJ]

The market for used cars is shown in the above figure. Buyers cannot tell whether any given car is a lemon. Ten percent (10%) of all cars are lemons. Which of the following statements is TRUE?
◦ Only good cars will be sold for $2,000.
◦ Only lemons are sold for $1,000.
◦ Only lemons are sold for $1,900.
◦ All of the cars sell for $1,900.

[otokexnaru]

All of the cars sell for $1,900.