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When the Price of Oil Declines Significantly, the Price of Gasoline

Question 31

Multiple Choice

When the price of oil declines significantly, the price of gasoline also declines. The latter occurs because of a(n)


A) increase in the demand for gasoline.
B) decrease in the demand for gasoline.
C) increase in the supply of gasoline.
D) decrease in the supply of gasoline.

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