Due to the relative elasticities of demand and supply, the suppliers of oil are likely to be able to cause a

a.large change in price in the short run, but only a small change in price in the long run.

b.small change in price in the short run, but a large change in price in the long run.

c.small change in price in both the short run and the long run.

d.large change in price in both the short run and the long run.