Everyone with GME stock sells it at the same time. What does this do to the price of GME stock? (A) It goes up. (B) It goes down. (C) It stays the same. (D) Diamond hands.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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6. Everyone with GME stock sells it at the same time. What does this do to the price
of GME stock?
(A) It goes up.
(B) It goes down.
(C) It stays the same.
(D) Diamond hands.

Expert Solution
Step 1

GME signifies "Game Stop Stock." GME is the stock ticker image for an American computer game retailer. It acquired its reputation in January 2021 when it turned into the 'Image Stock' of the subreddit WallStreetBets (WSB.) Individual financial backers composed a purchasing binge in the computer game retailer's portions utilizing on the web message sheets. The purchasing flood got the "shorts" who were risking everything would tumble asleep.

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