Business
Business, 28.01.2020 22:52, ashleyprescot05

In 2007, the price of oil increased, which in turn caused the price of natural gas to rise. this can best be explained by saying that oil and natural gas are:
a. complements and the higher price for oil increased the demand for natural gas.
b. complements and the higher price for oil decreased the supply of natural gas.
c. substitutes and the higher price for oil increased the demand for natural gas.
d. substitutes and the higher price for oil decreased the supply of natural gas.
e. unrelated and the prices of both products increased because of increased reliance on fossil fuels

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Answers: 3

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In 2007, the price of oil increased, which in turn caused the price of natural gas to rise. this can...

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