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myrzilka [38]
1 year ago
5

Over longer periods of time, increases in oil prices provide firms with incentives to explore and recover oil. What does this in

dicate about the long run price elasticity of supply for oil
Business
1 answer:
ki77a [65]1 year ago
5 0

Answer:

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

Explanation:

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

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