Why Is It So Difficult To Buy a High-Quality Used Car? (Page One Economics)
With prices of new vehicles at all-time highs, many buyers are looking for used vehicles. It can be challenging, though, to figure out what is or isn't a good deal. The September 2016 issue of Page One Economics explains why asymmetric information makes it difficult for used-car buyers to avoid "lemons" and why lemons are a larger problem for the used-car market.
Teachers: Visit the Reading Q&As in our Econ Lowdown Teacher Portal to find the teacher edition for this issue, to assign an online version of the student materials and to collect student scores on the questions. The materials are still free—but having them in the portal keeps students from accessing the answer key.
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