The present limit order book for stock A looks like the following:
	Price ($)	Quantity (# of shares)
ask5	10.5	50,000
ask4	10.4	45,000
ask3	10.3	5,000
ask2	10.25	20,000
ask1	10.2	10,000
bid1	10.1	5,000
bid2	10.05	10,000
bid3	10	4,000
bid4	9.9	10,000
bid5	9.85	20,000
Discuss the dynamics of new trades and change of the limit order book if there is an
a) Arrival of a sell @$10.15, Q=5000
b) Arrival of a sell @$10.10, Q=5000
c) Arrival of a market sell Q=18,000
d) Discuss who tends to use market orders? Informed traders or uninformed traders? Why?
e) Discuss who tends to consume (provide) liquidity? Informed traders or uninformed traders? Can you use cases (a) to (c) above to give an example?