Table 81 -Refer to Table 8

question 174

Multiple Choice

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.What is the market equilibrium price for Google stock?

• A)$900
• B)$950
• C)$1,000
• D)over $950
• E)less than $950

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Definitions:

Business Reports

Documents that present and analyze information relevant to the business environment, aiding in decision-making.

Business Plan

A document outlining a company's goals, strategies, and financial forecasts.

Direct Approach

A straightforward method of communication or action where intentions or demands are clearly stated.

Indirect Approach

A strategy or method that is not straightforward or direct, often used in communication, marketing, or problem-solving to subtly achieve objectives.