Table 5-2Supply isDemand isScenario AelasticelasticScenario BelasticinelasticScenario CinelasticelasticScenario DinelasticinelasticRefer to Table 5-2. 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.