The demand for heating oil in the short run is more elastic than the long run demand for heating oil.

Name: The demand for heating oil in the short run is more elastic than the long run demand for heating oil.
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Question

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In the short run, consumers have limited options to change their heating systems or significantly alter their consumption habits, making demand less elastic. In the long run, they can make adjustments, such as switching to alternative energy sources, making demand more elastic.

The Demand for Heating Oil in the Short Run Is