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.

Question

Quizplus · Accepted Answer

The decrease in demand for gasoline due to the recession likely led to a decrease in price. Option A and B suggest a decrease in supply, which would lead to an increase in price, and option D suggests an increase in demand, which would also lead to an increase in price.

The Price of Gasoline Decreased Dramatically in the Summer of 2009