Table 94
-In Table 9

question 302

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 3 would be in equilibrium if buyers believed plums accounted for:

• A)11.11% of the market.
• B)22.22% of the market.
• C)33.33% of the market.
• D)66.67% of the market.

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Definitions:

Self-Fulfilling Prophecy

An anticipation that comes to pass as a result of a positive feedback loop between one's actions and beliefs, making it true either directly or indirectly.

Belief

An acceptance that something exists or is true, especially one without proof.

Fulfillment

The achievement of something desired, promised, or predicted, leading to satisfaction or happiness.

Self-Fulfilling Prophecy

The phenomenon where an individual's expectations about another person or situation cause that expectation to become a reality.