Exhibit 3-10
-Refer to Exhibit 3-10.100 units of X will be exchanged in this market if the price is
A)$30.
B)$20.
C)$10.
D)a or c
E)none of the above

Name: Exhibit 3-10 -Refer to Exhibit 3-10.100 units of X will be exchanged in this market if the price is A)$30. B)$20. C)$10. D)a or c E)none of the above
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Question

Exhibit 3-10 
-Refer to Exhibit 3-10.100 units of X will be exchanged in this market if the price is
A)$30. 
B)$20. 
C)$10. 
D)a or c 
E)none of the above

Quizplus · Accepted Answer

The question implies that 100 units of X will be exchanged at either $30 or $10, suggesting that both prices result in the same quantity being traded.

Exhibit 3-10 -Refer to Exhibit 3-10.100 Units of X Will Be Exchanged