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Supply and Demand - Discovering ALFRED. I - Global price of Brent Crude Vintage: 2017-07-12 Data Global price of WTI Crude Vintage: 2017-07-12 Global price

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Supply and Demand - Discovering ALFRED. I - Global price of Brent Crude Vintage: 2017-07-12 Data Global price of WTI Crude Vintage: 2017-07-12 Global price of Dubai Crude Vintage: 2017-07-12 - Global price of APSP crude oil Vintage: 2017-07-12 The accompanying graph shows the 140 global price of crude oil using several 130 series over the 2006-2010 period. The 120 2008-2009 recession is shown by the 110 100 shaded area. 90 U.S. Dollars per Barrel 2007 2008 2009 2010 2000 Source: International Monetary Fund Which of the following likely caused demand to decrease for crude oil during the last recession? Macmillan Learning O The population decreased. O Consumer incomes decreased. O The price of oil complements increased. The price of oil substitutes decreased

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