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Econ lesson 6 Flashcards | StudBud
Econ lesson 6
1 / 22
In 2005,Katrina and Rita hit and disrupted supply of oil. What was the impact on gas prices?
A
Gas prices plummeted as consumer demand for gas dropped.
B
prices remained same because US gets all of oil elsewhere
C
stayed artificially high because president set price control
D
Gas prices fluctuated while supply of oil was unpredictable
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