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Call auction Graph total market demand and supply curves in {price,...

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Call auction Graph total market demand and supply curves in {price,...

Call auction Graph total market demand and supply curves in {price, quantity} space for a call auction market where the following orders are
submitted to a central auctioneer:
Limit orders to buy: 100 shares at $3.00, 200 shares at $4.00, 200 shares at $3.50, and 500 shares at $2.50

. Limit orders to sell: 500 shares at $5.00, 600 shares at $3.00, and 500 shares at $4.00. 

Market orders to buy: a total of 500 shares. 

Market orders to sell: a total of 200 shares. 

What is the market clearing price? What quantity of stock is traded? Are all orders that are executable at the market clearing price fully filled?

 

Answer & Explanation

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Answered by ellaluma75 on coursehero.com

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Step-by-step explanation

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