Examlex
A ________ is the right to buy a particular stock at a certain price until a particular date, while a ________ gives the owner the right to sell a particular stock at a specified price until a particular date.
put option; call option
limit order; sales order
call option; put option
sales order; limit order
market purchase order; market sales order
Output
The total amount of goods or services produced by a company, industry, or economy within a specific period.
Kinked Market Supply
A theoretical market supply curve where firms face a discontinuous elasticity of demand at different prices, leading to price stability within a certain range.
Producer Surplus
The difference between what producers are willing to sell a product for and the actual price at which they sell it.
Market Supply Elasticity
A measure of how much the quantity supplied of a good changes in response to a change in price.
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