Table 8.1
$$\begin{array} { | c | c | c | }
\begin{array} { l }
\text { Seller A Offer Price } \
( \$ )
\end{array} & \text { Quantity (shares) } & \begin{array} { l }
\text { Stock Market Price } \
\text { for Google } ( \$ )
\end{array} \
\hline 900 & 50 & 950 \
\hline 950 & 100 & 950 \
\hline 1,000 & 150 & 950 \
\hline
\end{array}$$
-Refer to Table 8.1.The perfectly competitive for shares of Google stock is composed of millions of buyers and sellers on the stock market.If Seller A sells 1,000 shares at $950,what will happen to the market price of Google stock?

Question

Table 8.1
 $$\begin{array} { | c | c | c | } 
\begin{array} { l } 
\text { Seller A Offer Price } \
( \$ )
\end{array} & \text { Quantity (shares) } & \begin{array} { l } 
\text { Stock Market Price } \
\text { for Google } ( \$ )
\end{array} \
\hline 900 & 50 & 950 \
\hline 950 & 100 & 950 \
\hline 1,000 & 150 & 950 \
\hline
\end{array}$$
-Refer to Table 8.1.The perfectly competitive for shares of Google stock is composed of millions of buyers and sellers on the stock market.If Seller A sells 1,000 shares at $950,what will happen to the market price of Google stock?

Quizplus · Accepted Answer

The fact that Seller A is able to sell 1,000 shares at $950 suggests that there are buyers willing to pay that price in the market. This means that the market price is likely to stay the same at $950. If there were more sellers than buyers at this price, the price would decrease, but if there were more buyers than sellers, the price would increase. However, since we do not have information about the overall supply and demand in the market, we can only assume that the market price will stay the same.

Table 81 -Refer to Table 8