An Order Book Displays the Following Information: You Place

question 24

Multiple Choice

An order book displays the following information: You place a market order to buy 100 shares.At what price will your order be executed?

• A)$18.13
• B)$18.14
• C)$18.16
• D)$18.17
• E)$18.18

---

Definitions:

Subsidy

A benefit given by the government to groups or individuals, usually in the form of a cash payment or tax reduction, to remove some type of burden and is considered to be in the interest of the public.

Consumers

Individuals or entities that purchase goods or services for personal use and not for manufacturing or resale.

Ed/Es

This represents the ratio of the elasticity of demand (Ed) to the elasticity of supply (Es), indicating how responsive the quantity demanded and supplied are to changes in price.

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of sale.