Problem
An earthquake damaged car factories and decreased the production of popular Japanese cars. The demand for good late-model used cars soared and car dealers scrambled to get their hands on used vehicles.
1. Explain the effect of the eathquake on the price of a good used car and the price of a lemon.
2. If you have a late-model car that you know isn't a lemon, will you sell it privately or sell it to a dealer?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.