46. Referring to the previous question, there are two limit orders to buy at 17.35. The 300 share order is listed first because:

a. 300 shares is a larger order than 200 and order size has precedent.

b. The trader placing the 300 share limit order to buy agreed to pay a larger commission than the 200 share trader.

c. The trader placing the 300 share limit order to buy agreed to pay a larger commission than the 200 share trader

d. The trader placing the 300 share limit order trades more actively than the 200 share trader.

e. The trader placing the 300 share limit order placed the order before the trader placing the 200 share order.