Suppose that everyone $in$ a used$-$car example $is$ risk neutral, potential car buyers value lemons $at$ $$1,500$ and good used cars $at$ $$2,800,$ the reservation price $of$ lemon owners $is$

$$500,$ and the reservation price $of$ owners $of$ high$-$quality used cars $is$ $$1,750.$ The share $of$ current owners who have lemons $is.$ For what values $ofdo$ 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 $ofis$

$p=$

$.(Properly$ format your expression using the tools $in$ the palette.$)$