Use the Following Two Statements to Answer This Question

Multiple Choice

Use the following two statements to answer this question:
I. The supply of newly mined copper is more elastic in the long run than in the short run.
II. The supply of scrap copper is more elastic in the short run than in the long run.

A) Both I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) Both I and II are false.