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    Exam 5: Elasticity and Its Application
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    In the Market for Oil in the Short Run,what Are
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In the Market for Oil in the Short Run,what Are

Question 229

Question 229

Multiple Choice

In the market for oil in the short run,what are demand and supply


A) both elastic
B) both inelastic
C) demand is elastic and supply is inelastic
D) demand is inelastic and supply is elastic

Correct Answer:

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