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The Price of Gasoline Was Much Higher in 2007 Than

Question 168

Multiple Choice

The price of gasoline was much higher in 2007 than in 2003 because


A) The increase in demand from the emerging industrial nations China and IndiA.
B) The decrease in supply due to the disruption in drilling and refining oil in the Southern United States due to Hurricane Katrina.
C) Both of the choices.
D) Neither of the choices.

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