Table 81 -Refer to Table 8

question 151

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 in the stock market.At a price of $950,how many shares is Seller A willing to sell?

• A)50 shares
• B)100 shares
• C)150 shares
• D)over 150 shares
• E)less than 50 shares

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Definitions:

Draft

A preliminary version of a document, plan, or strategy, subject to revision and refinement.

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time.

Unauthorized Signer

An individual who signs a document or agreement without the legal authority or permission to do so.

Ratified

Confirms or approves an action, document, or agreement officially, making it valid and enforceable.