Which Statement Most Accurately Explains the Upward Trend in the Market

question 225

Multiple Choice

Which statement most accurately explains the upward trend in the market price of oil since around the year 2000?

• A) The supply of oil has increased faster than the demand for oil has increased.
• B) Both the demand for and the supply of oil has decreased.
• C) The demand for oil has increased faster than the supply of oil has increased.
• D) The demand for oil has decreased while the supply of oil has increased.

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Definitions:

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The common tendency to attribute successes to personal attributes and failures to external factors.

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