Economics 0455 · IGCSE · Price changes

Price changes — practice question

In $2015$ the world price of petrol (gasoline) fell markedly. Which factor would not have been responsible for the drop in price?

  • Athe continuing global recovery from the world economic recession
  • Bthe increasing exploitation of US oil reserves
  • Cthe re-entry of Iranian producers to the world oil market
  • Dthe shorter journeys from using the new Suez Canal

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