Show transcribed image text U2. Consider again the case of the 2011 Citrus. Almost all cars depredat


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Show transcribed image text U2. Consider again the case of the 2011 Citrus. Almost all cars depredat 1 answer below ยป Show transcribed image text U2. Consider again the case of the 2011 Citrus. Almost all cars depredate over time, and so It is with the Citrus. Every month that passes, all sellers of Citruses-regardless of type-are willing to accept $100 less than they were the month before. Also, with every passing month, buyers arc maximally willing to pay $400 less for an orange than they were the previous month and $200 less for a lemon. Assume that the example in the text takes place in month 0. Eighty percent of the Citruses are oranges, and this proportion never changes. Jul 30 2015 12:51 AM

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