In the Market for Oil in the Short Run,what Are

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

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Definitions:

The Federalist Papers

A series of 85 articles and essays written to promote the ratification of the United States Constitution.

Alexander Hamilton

A Founding Father of the United States, first Secretary of the Treasury, and influential interpreter of the U.S. Constitution.

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A formal gathering for the purpose of creating or amending a constitution.