Question: Suppose consumers value a high - quality used laptop computer at a price of $ 4 0 0 , while they value a low -
Suppose consumers value a highquality used laptop computer at a price of $ while they value a lowquality used laptop at $ The supply of highquality laptops is while the supply of lowquality laptops is Potential buyers cannot tell the difference between highquality and lowquality laptops when purchasing one.
If the price of a used laptop is $ how many highquality laptops will be offered for sale? How many lowquality laptops?
highquality laptops:
lowquality laptops:
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