Leo's Bakery reduces the price of wheat bread from $3 to $1 and finds that quantity demanded increases from 100 to 122 loaves. Leo calculates that his price elasticity of demand for wheat bread is:

A partnership is limited to how many owners?

A) 2 B) 5 C) less than 10 D) There is no limit to the number of owners.

A firm that sells goods to foreign countries on a regular basis can avoid exchange-rate risk by

A) buying stock options. B) selling puts on financial futures. C) using a foreign exchange swap. D) buying swaptions.