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02 Oct 2024, 06:59
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Dropdown 1: 2013
Dropdown 2: half
The figure compares United States ethanol and gasoline futures prices with corn grain prices for a ten-year period.
Select from each drop-down menu the option that creates the most accurate statement, given the information provided.
The price per bushel of corn and price per gallon of conventional gasoline were closest in .
At the end of the ten-year period, the cost per gallon of conventional gasoline was approximately what it was at the beginning of the ten-year period.
Select from each drop-down menu the option that creates the most accurate statement, given the information provided.
The price per bushel of corn and price per gallon of conventional gasoline were closest in .
At the end of the ten-year period, the cost per gallon of conventional gasoline was approximately what it was at the beginning of the ten-year period.
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Official Answer
Dropdown 1: 2013
Dropdown 2: half
02 Oct 2024, 06:59
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Official Solution:
Note the differences in axes to determine that the price per bushel of corn at approximately $4.50 and the cost per gallon of conventional gasoline at approximately $3.00 is the closest proximity of the two commodities, and occurs in 2013.
A) 2008
B) 2010
C) 2013
D) 2014
E) 2016
Correct answer:
Dropdown 1: 2013
Dropdown 2: half
TetyanaRokobit
Note the differences in axes to determine that the price per bushel of corn at approximately $4.50 and the cost per gallon of conventional gasoline at approximately $3.00 is the closest proximity of the two commodities, and occurs in 2013.
A) 2008
B) 2010
C) 2013
D) 2014
E) 2016
Correct answer:
Dropdown 1: 2013
Dropdown 2: half
