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Author Question: Over longer periods of time, increases in oil prices provide firms with incentives to explore and ... (Read 203 times)

s.tung

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on: Oct 5, 2019

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 supply for oil?


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The elasticity coefficient is likely to be higher in the long run than in the short run.


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The elasticity coefficient is unstable in the long run because oil supplies may be depleted.


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The elasticity coefficient is likely to be lower in the long run than in the short run.


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The elasticity coefficient approaches 0 in the long run as supplies are depleted.

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Marked as best answer by s.tung on Oct 5, 2019

huda

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Reply #1 on: Oct 5, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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s.tung

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Reply #2 on: Oct 5, 2019
Thank you!


huda

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Reply #3 on: Oct 5, 2019
Always glad to help...


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