6 This figure shows the Market screen for a seller ROUND 1 I

6. This figure shows the Market screen for a seller. ROUND 1: IN PROGRESS, REMAINING TIME 01:51 Your Role 1 ? Market Chat Market Status |Enter an Ask to SELL Cost: $10.50 Cursor Details Time: Price New Ask: 15.00 Price (S) 25.00 Current Ask: $15.00 Withdraw 20.00 CURRENT STATUS 15.00 Lowest Seller Ask Highest Buyer Bid Last Transaction: SELLER RECORD ROUND 15.00 6.54 _ none O 10.00 PRICE GAIN 5.00 none none 0.00 00:00 00:20 00:40 01:00 01:20 01:40 02:00 Time (Minutes) LEGEND ?Asks-Bids-Your Asks Your Transactions Other Transactions Total Gain: $0.00 O 2001-2002 Aglia, Ine According to this figure, what asking price has this seller submitted? A. $15.00 B. $10.50 C. $6.54 D. You can\'t tell from this screen whether or not this seller has submitted a price E. This seller has not submitted an asking price yet. Submit Answer Continue without saving

Solution

1) Asking price submitted by seller is : A)$15

2) Maximum number of books that can be sold in one round is 1 . The seller asks for a price and the buyer makes a bid . The buyer with the highest bid gets the book . So only one book sold per round . : B) 1

3) FALSE . In the next round another and only one book can be sold .