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The demand curve for petroleum should be as elastic in the long run as it is in the short run. more elastic in the long
The demand curve for petroleum should be
as elastic in the long run as it is in the short run.
more elastic in the long run than in the short run.
less elastic in the long run than in the short run.
more or less elastic in the long run versus the short run depending upon supply conditions.
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Principles Of Econometrics
Authors: R Hill
4th Edition
1118136969, 9781118136966
