pls solve both parts of this ques within 30-40 minutes I'll give you multiple upvotes Predictions using the supply-and-demand model for electronic games are likelyA. not reliable because electronic games are a differentiated productB. reliable because electronic games have many consumers.C. not reliable because suppliers of electronic games have little information about production costs.D. reliable because it is time-consuming and difficult to find a seller of electronic games.O E. reliable because the market for electronic games have many competitors.Predictions using the supply-and-demand model for used cars are likelyA. reliable because used cars have many sellers.B. not reliable because consumers know less than suppliers about used car quality.C. reliable because used cars have few buyers.D. not reliable because it is difficult to find buyers and sellers of used cars.E. reliable because the used car market is competitive.Click to select your answer.

Q1). Each electronic game available in the market has some specialty that makes them different from…

Predictions using the supply-and-demand model for electronic games are likely O A. not reliable because electronic games are a differentiated product B. reliable because electronic games have many consumers. C. not reliable because suppliers of electronic games have little information about production costs. D. reliable because it is time-consuming and difficult to find a seller of electronic games. E. reliable because the market for electronic games have many competitors. Predictions using the supply-and-demand model for used cars are likely A. reliable because used cars have many sellers. B. not reliable because consumers know less than suppliers about used car quality. C. reliable because used cars have few buyers. D. not reliable because it is difficult to find buyers and sellers of used cars. E. reliable because the used car market is competitive.

Predictions using the supply-and-demand model for electronic games are likely O A. not reliable because electronic games are a differentiated product B. reliable because electronic games have many consumers. C. not reliable because suppliers of electronic games have little information about production costs. D. reliable because it is time-consuming and difficult to find a seller of electronic games. E. reliable because the market for electronic games have many competitors. Predictions using the supply-and-demand model for used cars are likely A. reliable because used cars have many sellers. B. not reliable because consumers know less than suppliers about used car quality. C. reliable because used cars have few buyers. D. not reliable because it is difficult to find buyers and sellers of used cars. E. reliable because the used car market is competitive.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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