OCR AS Economics, Course Companion

OCR AS Economics, Course Companion

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Assume that used cars come in two types: those that are in good repair, and duds (or a€œlemonsa€ as Americans and most economists call them). ... As for the sellers, lemon-owners require $8, 000 to part with their old banger, while the one-owner, careful-driver old lady with the ... A great many markets, including those for shares, labour, insurance and banking, often resemble a used-car sale more closelyanbsp;...

Title:OCR AS Economics, Course Companion
Author: Geoff Riley, Tutor2u Limited
Publisher:Tutor2u Limited - 2006-02

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