Which of the Following Is the Best Explanation for Why

question 6

Multiple Choice

Which of the following is the best explanation for why the price of gasoline increases during the summer months?

• A)There is less competition among oil refineries in the summer.
• B)Sellers have to earn profits during the summer to cover losses in the winter.
• C)There is increased driving by families going on vacation.
• D)The number of gas stations open 24 hours a day rises in the summer months and so the price must rise to cover the higher costs.
• E)Oil producers have higher costs of production in the summer.