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djsmyers djsmyers
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6 years ago
The rising price of oil has made it feasible to extract oil out of oily sand in Canada. Concerning the oil market, this is an example of
A) a higher price elasticity of supply in the long run.
B) a higher price elasticity of supply in the short run.
C) a higher price elasticity of demand in the short run.
D) an inelastic long-run supply of oil.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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forrestforrest
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#1
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6 years ago
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djsmyers Author
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6 years ago
Smart ... Thanks!
sakoon
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jcarter
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2 hours ago
This site is awesome
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