In the market for used cars, there are 40 buyers who value a good car at $180, and a bad car at $100. There are also 40 buyers who value a good car at $400, nd a bad car at $100. The sellers value a good car at $150, and a bad car at $50. There are 100 sellers with a good car, and 100 sellers with a bad car. Selkers, but not buyers, observe the quality of a car. • (A) Draw a diagram of the supply and the demand fanction for this market (Shơw your work) • (B) Determine the equilibrium price or prices (C) How many cars will be traded in equilkbrium?

Assume you have your car broken down just before the weekend. You value your weekend trip as muchas v and if you have to stay home you get the zero utility. There are two dealerships in your town. Atthe beginning of the day they simultaneously choose a price for repair. Dealers know that when you cometo one of them and observe the price, you can always call to another dealer to make an inquiry about hisprice. The call is costless. The other dealer, however, can be occupied for this day. Assume, this happenswith probability   which is a common knowledge (but the dealers do not know whether the other dealer isoccupied or not). Assume zero repair cost for the dealer and find a symmetric equilibrium of the game.

What is meant by accomodating items?

11) Consider a market for used cars. Suppose there are only two kind of cars: lemons and good cars. A lemon is worth $1,500 both to its current owner and to anyone who buys it. A good car is worth $6,000 to its current and potential owners. Buyers can't tell whether a car is a lemon untilafter they have bought the car. What do economists call the problem that buyers of used cars face? What is the price of a used car? Explain and substantiate your answer. 12) How can a warranty at the seller's expense signal that a product is high quality?

Q3. The table below depicts the maximum buying prices and minimum selling prices that potential buyers and sellers have for a horse. Assume that a horse is considered to be a good of the first order. Potential Buyer $300 $280 $260 $240 $220 $210 $200 $180 $170 $150 Al A2 A3 A4 AS A6 A7 A8 A9 A10 Potential Seller $100 $110 $150 $170 $200 $215 $250 $260 Bl B2 B3 B4 B5 B6 B7 B8 (a). Based on the original valuations of potential buyers and sellers in the table above, identify the market clearing price that will bring this market to a state of rest. Provide a description of the important properties of this price. (b). Distinguish between the original valuations with which the market participants enter the market and the momentary valuations that prevail when they engage in exchange. Focusing on the potential sellers, explain why each of them would try to align their momentary valuations with the market clearing price? (c). Assume now that trade takes place at a price that is not the market…

What are your three choices for reducing the amount of time spent waiting in traffic? What distinguishes one from the other in terms of quality?

1. need help with this

2. In Sacramento there are 1000 used cars for sale, half of them are good and half of them are lemons. Owners of lemons are willing to sell them for $200. Owners of good used cars are willing to sell them for prices above $1,100 but will keep them if the price is lower than $1,100. There is a large number of potential buyers who are willing to pay $500 for a lemon and $1,500 for a good car. Buyers can't tell good cars from bad, but original owners know. Pick the correct answer from the following options and briefly explain. a. There will be an equilibrium in which all used cars sell for $650. b. There will be an equilibrium in which lemons sell for $200 and good used cars sell for $1,100. c. There will be an equilibrium in which all used cars sell for $1,000. d. The only equilibrium is one in which all used cars on the market are lemons and they sell for $500. e. There will be an equilibrium in which lemons sell for $500 and good used cars sell for $1,500.

means that the quality of servvices depend on who provides them as well as when,where and how they are provided: Select one: a. Tangibility b. Inseparability c. Variability v d. Perishability

In today’s situation of Covid -19 Pandemic when the offline world is affected severely. Comment on the following  a. Consumer behaviour with respect to online shopping of grocery items. b. Consumer behaviour with respect to online education.