If a Trade Is Made "In the Crowd", the Trade

question 13

Multiple Choice

If a trade is made "in the crowd", the trade has occurred:

• A) between a broker and a specialist.
• B) between two brokers.
• C) electronically on NASDAQ.
• D) on SuperDOT.
• E) on an ECN.

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.

Shift

In economic contexts, this term often refers to a movement or change in the position of a supply or demand curve in response to various factors.

Slope

In mathematics, the measure of the steepness or incline of a line, typically described as the ratio of the rise over the run.

Substitution Effect

The economic principle that describes how consumers react to changes in price by replacing more expensive items with less costly alternatives.