The Market for Lemons car. This, in turn, motivates the owners of moderately good cars not to sell, and so on. The result is that a market in which there is asymmetric information with respect to quality shows characteristics similar to those described by Gresham's Law: the bad drives out the good. (Although Gresham's principle applies more specifically to exchange rates, modified analogies can be drawn.) Akerlof considers a situation in which demand "D" for used cars depends on the cars price "p" and quality "µ" = "µ"("p") and the supply depends on price alone. Economic equilibrium is given by "S"("p") = "D"("p","µ") and
Alexander and the Terrible, Horrible, No Good, Very Bad Day (film) times." David Hiltbrand of "The Philadelphia Inquirer" gave the film two out of four stars, saying "It's a film where you start chuckling as soon as someone says something like, "I just want everything to be perfect tonight." Adam Graham of "The Detroit News" gave the film a B-, saying ""Alexander" won't change your day, but it's not terrible, horrible, no good or very bad, either." Calvin Wilson of the "St. Louis Post-Dispatch" gave the film a three out of four stars, saying "Arteta keeps the action speeding along while eliciting spot-on performances. Carell is at his discombobulated best, and