Examlex
A transaction in which an investor holds a position in the spot market and sells a futures contract or writes a call is
Percentage Change
A mathematical calculation that describes the relative change between an old value and a new value, expressed as a percentage.
Unit Elastic
A situation in demand or supply where a change in price leads to an equal proportionate change in quantity demanded or supplied.
Approximately Unit Elastic
A situation in economics where the percentage change in quantity demanded is roughly equal to the percentage change in price, indicating an elasticity of demand close to one.
Teenagers
Individuals who are in their teenage years, typically between the ages of 13 and 19.
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