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A Headline Reads "Gasoline Prices Are Higher

Question 197

Multiple Choice

A headline reads "Gasoline Prices Are Higher." A likely explanation for this event would be a(n) :


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

Correct Answer:

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