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Acoording to a federal reserve article, short-run Oil supply elasticity is 0.1 and demand elasticity is...

Acoording to a federal reserve article, short-run Oil supply elasticity is 0.1 and demand elasticity is -0.1 while long-run demand elasticity is -0.22 and long run supply elasticity is 0.1. Is oil supply/demand, elastic /inelastic in the short/long run? Why would the long run demand elasticity differ from the short run estimate?
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