Figure 9.4 -Figure 9.4 Represents the Market for Used 12 Megapixel Digital

question 78

Multiple Choice

Figure 9.4
-Figure 9.4 represents the market for used 12 megapixel digital cameras. Suppose buyers are willing to pay $400 for a plum (high-quality) used digital camera and $200 for a lemon (low-quality) used digital camera. If buyers believe that 50% of used digital cameras in the market are lemons (low quality) , how many lemons will be supplied by sellers?

• A) 50
• B) 60
• C) 150
• D) 200