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:

Psychosocial Development

A theory proposed by Erik Erikson that describes how individuals evolve through and navigate various social and emotional stages throughout their lives.

Sense Of Industry

A stage in psychological development where an individual develops a sense of competence and achievement, usually occurring during childhood.

Praise And Support

Acts of expressing approval or admiration combined with assistance and encouragement.

Psychosocial Crises

Conflicts between personal impulses and the social world, which Erik Erikson proposed occur throughout one's life in eight distinct stages.