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Question I. Consider the market in 2019 for a specic type of used car, say the Ford Falcon 2014. Suppose that in use these cars

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Question I. Consider the market in 2019 for a specic type of used car, say the Ford Falcon 2014. Suppose that in use these cars have proved to be either largely trouble free and reliable, or had many things go wrong. The usual slang name for the latter type is \"lemon\(e) If owners of lemons experienced no depreciation (that is, they were never willing to accept anything less than $3,000), would this affect the timing of the collapse of the market for oranges? Why or why not? In what month does the market for oranges collapse in this case? (f) If buyers experienced no depreciation for a lemon (that is, they were always willing to pay up to $6,000 for a lemon), would this affect the timing of the collapse of the market for oranges? Why or why not? In what month does the market for oranges collapse in this case

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