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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?

  1. AChina's growth slowed leading to lower oil imports.
  2. BSaudi Arabia increased the volume of its oil supplies.
  3. CUK protest groups prevented the introduction of fracking projects.
  4. 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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