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The Price of Gasoline Decreased Dramatically in the Summer of 2009

Question 152

Multiple Choice

The price of gasoline decreased dramatically in the summer of 2009. One likely reason for this change is:


A) a shortage in the supply of oil worldwide.
B) riots in the Middle East that disrupted oil shipments.
C) a decrease in the demand for gasoline brought on by the recession.
D) strong economic growth in China that increased the demand for automobiles.

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