Over longer periods of time, increases in oil prices provide firms with incentives to explore and recover oil. What does this indicate about the long run price elasticity of sup…

Question

asked Sep 10, 2023 72.2k views

1 Answer

Exscape · Answer 1 · 2023-09-14T15:52:52+0000

Answer:

This proves that the demand for different types of oil have an effect for the prices and supply dealing with oil.

Step-by-step explanation:

I hope this helps, if it doesn't then just message me and ill be more than happy to help :)