Assignment 5 Econ 101
Q.1. what are the three questions that must be answered in order to determine the consumers' willingness to pay in a mixed market of cars with both Lemons and plums.
Q.2. How is the equilibrium price of marketable pollution permits, determined? Illustrate with the help of a figure.
Assignment 5 Econ 101Q.1. what are the three questions that must be answered in order to determine the consumers' willingness to pay in a mixed market of cars with both Lemons and plums.Q.2. How is the equilibrium price of marketable pollution permits, determined? I...