The supply of oil is likely to be
a. Inelastic in both the short run and long run.
b. Elastic in both the short run and long run.
c. Elastic in the short run and inelastic in the long run.
d. Inelastic in the short run and elastic in the long run.

Question

The supply of oil is likely to be
a. Inelastic in both the short run and long run.
b. Elastic in both the short run and long run.
c. Elastic in the short run and inelastic in the long run.
d. Inelastic in the short run and elastic in the long run.

The supply of oil is likely to be

a. Inelastic in both the short run and long run.

b. Elastic in both the short run and long run.

c. Elastic in the short run and inelastic in the long run.

d. Inelastic in the short run and elastic in the long run.

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The supply of oil is likely to be a. Inelastic in both the short run and long run. b. Elastic in both the short run and long run. c. Elastic in the short run and inelastic in the long run. d. Inelastic in the short run and elastic in the long run.