[Answer] If the price of lemons increases what happens to the supply for lemons as a result?

Answer: Remains the same
If the price of lemons increases what happens to the supply for lemons as a result?

” The Market for Lemons : Quality Uncertainty and the Market Mechanism” is a well-known 1970 paper by economist George Akerlof which examines how the quality of goods traded in a market can degrade in the presence of information asymmetry between buyers and sellers leaving only ” lemons …

A standard example is the market for used cars with hidden flaws (” lemons “). George Akerlof in his 1970 paper ” The Market for ‘Lemons ” highlights the effect adverse selection has in the used car market creating an imbalance between the sellers and the buyers that may lead to a market collapse.

The Market for Lemons – Wikipedia

Lemon battery – Wikipedia

Lemon battery – Wikipedia

Nutrition and phytochemicals. Lemon is a rich source of vitamin C providing 64% of the Daily Value in a 100 g refer…

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