Question 11, Text Exercise 1.9 N HW Score: 81.82%, 9 of 11 points Part 2 of 2 @ Points: 0.50f 1 Suppose that everyone in a used-car example is risk neutral, potential car buyers value lemons at $1,250 and good used cars at $2 400, the reservation price of lemon owners is $250, and the reservation price of owners of high-quality used cars is $1,750. The share of current owners who have lemons is 8. For what values of 8 do all the potential sellers sell their used cars? Describe the equilibrium The most a risk-neutral buyer would be willing to pay for a car of unknown quality as a function of 8 is p= 2400(1 - 0)+1250(0) . (Properly format your expression using the tools in the palette ) All used-car owners will be willing to sell their vehicles at a price of p if 0 is such that