Table 91
-In Table 9

question 314

Multiple Choice

$\begin{array}{cccc}\hline \text { Markets } & \begin{array}{l}\text { Plums highquality) } \\\text { Supplied }\end{array} & \begin{array}{l}\text { Lemonslow quality) } \\\text { Supplied }\end{array} & \begin{array}{c}\text { \% Buyers Believe are } \\\text { Lemonslow quality) }\end{array} \\\hline 1 & 10 & 15 & 50 \% \\2 & 12 & 8 & 40 \% \\3 & 15 & 15 & 50 \%\\\hline \end{array}$
Table 9.1
-In Table 9.1, market 1 would be in equilibrium if buyers believed lemons accounted for:

• A)60% of the market.
• B)55% of the market.
• C)45% of the market.
• D)40% of the market.

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Definitions:

Congressional Enactment

The process through which the U.S. Congress passes legislation into law.

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The quality of being in accordance with a country's constitution or being permissible under its supreme law.

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The power of courts to review the actions of executive or legislative bodies to ensure they comply with the constitution or other standards.