Table 81 -Refer to Table 8

question 54

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.If Seller A sells 1,000 shares at $950,what will happen to the market price of Google stock?

• A)It will increase to more than $950.
• B)It will decrease to more than $950.
• C)It will stay the same at $950.
• D)It will increase to more than $1,000.
• E)It will increase to more than $1,500.