After OPEC raised the price of crude oil in the 1970's,which of the following was the most important reason that there were shortages of gasoline?
A) Americans drove large,gas-guzzling vehicles.
B) The increase in the price of crude oil by OPEC.
C) The effects of a price ceiling on gasoline prices imposed by the US government.
D) Increased commuting times resulting from traffic congestion.
Correct Answer:
Verified
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