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Jun 28, 2023
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Fix typo #253

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2 changes: 1 addition & 1 deletion lectures/commod_price.md
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Expand Up @@ -143,7 +143,7 @@ In this section we define the equilibrium and discuss how to compute it.
Speculators are assumed to be risk neutral, which means that they buy the
commodity whenever expected profits are positive.

As a consequence, if expected prices are positive, then the market is not in
As a consequence, if expected profits are positive, then the market is not in
equilibrium.

Hence, to be in equilibrium, prices must satisfy the "no-arbitrage"
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