The High Price of Gasoline in the Late-2000s Was Likely

question 48

Multiple Choice

The high price of gasoline in the late-2000s was likely the result of

• A)an increase in both the supply of and the demand for gasoline.
• B)a decrease in both the supply of and the demand for gasoline.
• C)an increase in the supply of gasoline along with a decrease in the demand for gasoline.
• D)a decrease in the supply of gasoline along with an increase in the demand for gasoline.
• E)no change in either the supply of or the demand for gasoline.