Table 94
-In Table 9

question 355

Multiple Choice

$\begin{array}{cccc}\hline \text { Markets } & \begin{array}{l}\text { Plums high quality) }\end{array} & \begin{array}{l}\text { Lemons low quality) } \\\text { Supplied }\end{array} & \begin{array}{c}\text { \% Buyers Believe are } \\\text { Lemons low quality) }\end{array} \\\hline 1 & 2 & 20 & 80 \% \\2 & 4 & 16 & 80 \% \\3 & 6 & 12 & 50 \%\\\hline \end{array}$ Table 9.4
-In Table 9.4, market 1 would be in equilibrium if buyers believed lemons accounted for:

• A)about 90.91% of the market.
• B)about 74.5% of the market.
• C)about 63.25% of the market.
• D)about 57.65% of the market.

---

Definitions:

Behind on the Rent

The situation where a tenant fails to pay their rent within the specified timeline as per their lease or rental agreement.

Unwilling to Move

A state of being resistant to change location or position, often used in the context of relocation or employment.

Sublet

The act of leasing out a rented property by the original tenant to a third party, often with the landlord's permission, under the terms of the original lease.

Illegal Act

Any action that is forbidden by law or statute and subject to criminal punishment or civil liability.