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Middle Grades Social Science 5 to 9

Question 28 of 30

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Competency 4—Knowledge of economics

DIRECTIONS: Read the question and select the best response.

Which of the following is most likely to occur as a result of increasing crude oil prices?

Choose an answer

Demand for gasoline will decrease.
Production of large automobiles will increase.
Federal interest rates will increase.
State excise taxes will decrease.

Enter to expand or collapse answer.Answer expanded: Correct Response: A.