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Author Question: The graph shows the market for used cars. The solid portion of the supply curve represents the ... (Read 104 times)

Bernana

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The graph shows the market for used cars.  The solid portion of the supply curve represents the supply of lemons.  The dotted portion of the supply curve represents the supply of good cars.
If warranties are not available, the equilibrium in the market occurs at ________ cars and ________ of the cars sold are lemons.
◦ less than 500; most
◦ 500; all
◦ more than 500; most
◦ 500; none
◦ less than 500; none


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Marked as best answer by Bernana on May 24, 2019

courtney_bruh

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