Multiple Choice
Suppose that the price of crude oil, the primary raw material for gasoline, increases by 30 percent. Assuming everything else stays the same, by how much has the cost of producing gasoline increased?
A) 35 percent.
B) 32 percent.
C) 30 percent.
D) More than 35 percent.
E) Less than 30 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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