During the Middle of the 2000s,the Price of Gasoline Soared

question 40

Essay

During the middle of the 2000s,the price of gasoline soared and there was a movement to switch to fuels made from a mixture of gasoline and ethanol.Ethanol can be made from corn.The price of corn skyrocketed and then,after a couple of years,the price decreased.What might have led to these price changes in the corn market?

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Definitions:

Societies

A collective group of individuals characterized by shared traditions, institutions, and values.

Relative

A person connected by blood or marriage, or someone who is considered in relation or in proportion to something else.

Stranger

An individual who is not known personally to another or not familiar with a particular setting or environment.

Gang

A group of people associated with each other, often involved in criminal activities or sharing a common identity.