The process involved in bringing oil to world markets can take years. Substitutes for oilman's based products

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The process involved in bringing oil to world markets can take years. Substitutes for oilman's based products such as gasoline are limited. As a result

A. The supply of oil is very inelastic and the demand for gasoline is inelastic over short periods of time.

the supply of oil is very elastic and the demand for oil is very elastic over short periods of time.

the supply of oil and the demand for oil shift to the right over short periods of time.

the supply of oil and the demand for oil are both perfectly elastic over short periods of time.

Related Book For answer-question

International Marketing And Export Management

ISBN: 9781292016924

8th Edition

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

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Posted Date: Feb 07, 2024 02:58 AM

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The process involved in bringing oil to world markets can take years. Substitutes for oilman's based products

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International Marketing And Export Management

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