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The price of oranges rises by 3 percent and quantity of oranges demanded decreases by 3 percent. We conclude that the demand for oranges is
Put Option
Financial contract that gives the holder the right to sell an asset at a specific price within a specified period.
Obligation
A duty or commitment that one is bound to by law, promise, or moral responsibility.
Sell
The act of transferring ownership of a security or other asset in exchange for money or value.
Hedge
A hedge is an investment or trade designed to reduce your risk of adverse price movements in an asset, providing protection against losses from price changes.
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