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Author Question: Suppose there are 100 buyers and 100 sellers in the used car market. Half of the sellers have a ... (Read 124 times)

allihubbard

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on: Nov 23, 2022
Suppose there are 100 buyers and 100 sellers in the used car market. Half of the sellers have a lemon to sell and half have a peach. Buyers value lemons at $4,000 and peaches at $11,000, while sellers value lemons at $3,400 and peaches at $8,250. Only sellers know if the car is a lemon or a peach. Suppose the current price of the car is $7,500. What is the total surplus in the market? If the sellers of peaches can get their cars certified for $800, what is total surplus in the market?
◦ $30,000.00, $167,500.00
◦ $30,000.00, $167,450.00
◦ $167,500.00, $167,450.00
◦ $167,500.00, $30,000.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by allihubbard on Nov 23, 2022

FireandIce

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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allihubbard

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Reply 2 on: Nov 23, 2022
Excellent

alexanderhamilton

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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