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f the price of heating oil rises from $1.80 to $2.20 per gallon, the quantity of heating oil demanded will byin the short run and
f the price of heating oil rises from $1.80 to $2.20 per gallon, the quantity of heating oil demanded will byin the short run and byin the long run. The change is in the short run because people can respond easily to the change in the price of heating oil.
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