Which of the following would be inconsistent with an efficient market Price changes are independent. Price adjustments are biased. Stock prices adjust rapidly to new information. O

The correct option is "b" which is " Price adjustments are Biased"

An efficient market portrays that price adjustments are not biased. The market is efficient means that the stock prices reflecting in the market comprised of all the available information. If there is any new information, then that will reflect quickly in the stock price. Price adjustments are not at all biased.