Economics · Oct / Nov 2018 · Paper 13 · Question 6
2281Price changes
In 2015, the world price of oil fell rapidly due to changes in the conditions of demand and supply. One change was the use of a new method of extraction called fracking. Which event would not have contributed to the fall in prices?
- AChina's growth slowed leading to lower oil imports.
- BSaudi Arabia increased the volume of its oil supplies.
- CUK protest groups prevented the introduction of fracking projects.
- DUSA became more self-sufficient in oil due to fracking and reduced imports.
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Correct answer: C. UK protest groups prevented the introduction of fracking projects.
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