Doubt on order matching system of stock exchanges

#1
I have this doubt about the order matching system of the stock exchanges. Suppose there is a scrip whose Last Traded Price is 1000. And suppose A enters a limit buy order for a scrip for 1100 and B enters a limit sell order for the same scrip for 900 and there are no other buyers or sellers or orders. Then:
  • What will happen?
  • Will the orders get matched and executed?
  • If yes, then at what price?
  • Why?
 

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