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.
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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
6. Everyone with GME stock sells it at the same time. What does this do to the
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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