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April 19, 2014

Homework Help: Economics

Posted by Will on Tuesday, November 29, 2011 at 12:05pm.

Supply is Demand is
Scenario A elastic elastic
Scenario B elastic inelastic
Scenario C inelastic elastic
Scenario D inelastic inelastic

Which scenario describes the market for oil in the long run?

A. A

B. B

C. C

D. D

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