Economics · May / June 2017 · Paper 12 · Question 7
2281Price changes
In 2015 there was a significant fall in the world price of petrol (gasoline). What would not have been a cause of the price fall?
- 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
As printed in the paper
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Correct answer: A. the continuing global recovery from the world economic recession
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