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Table 81 -Refer to Table 8

Question 27

Multiple Choice

Table 8.1
 Seller A Offer Price ($)  Quantity (shares)   Stock Market Price  for Google ($) 900509509501009501,000150950\begin{array} { | c | c | c | } \begin{array} { l } \text { Seller A Offer Price } \\( \$ ) \end{array} & \text { Quantity (shares) } & \begin{array} { l } \text { Stock Market Price } \\\text { for Google } ( \$ ) \end{array} \\\hline 900 & 50 & 950 \\\hline 950 & 100 & 950 \\\hline 1,000 & 150 & 950 \\\hline\end{array}
-Refer to Table 8.1.The perfectly competitive for shares of Google stock is composed of millions of buyers and sellers in the stock market.At a price of $950,how many shares is Seller A willing to sell?


A) 50 shares
B) 100 shares
C) 150 shares
D) over 150 shares
E) less than 50 shares

Correct Answer:

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