Table 5-11 -Refer to Table 5-11. Which Scenario Describes the Market for the Market

question 190

Multiple Choice

Table 5-11
-Refer to Table 5-11. Which scenario describes the market for oil in the short run in comparison to the long run?

• A)Scenario A describes both the short run and the long run.
• B)Scenario D describes both the short run and the long run.
• C)Scenario D describes the short run, whereas scenario A describes the long run.
• D)Scenario C describes the short run, whereas scenario B describes the long run.

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