Question
The below text describes an economic relationship between oil production and plastics production. Use the text to answer the question below.
Most plastics are made from crude oil. Even though crude oil prices have plunged to their lowest levels since the Great Recession, don't expect to pay less any time soon for toys, shoes, bags, diapers and other products made from oil.
At the same time, the U.S. appetite for plastics has reached an all-time high as the country continues to recover from the economic slump. Domestic demand grew by 6.5 percent to $267 billion last year, topping the previous high set in 2006, according to newly released data from the Society of the Plastics Industry.
Which economic event would most likely cause the price of plastic to increase?
a
continued decrease in the price of crude oil
b
a decrease in the demand for toys & shoes
c
an increase in the amount of plastic recycling
d
an increase in the market price of crude oil
Most plastics are made from crude oil. Even though crude oil prices have plunged to their lowest levels since the Great Recession, don't expect to pay less any time soon for toys, shoes, bags, diapers and other products made from oil.
At the same time, the U.S. appetite for plastics has reached an all-time high as the country continues to recover from the economic slump. Domestic demand grew by 6.5 percent to $267 billion last year, topping the previous high set in 2006, according to newly released data from the Society of the Plastics Industry.
Which economic event would most likely cause the price of plastic to increase?
a
continued decrease in the price of crude oil
b
a decrease in the demand for toys & shoes
c
an increase in the amount of plastic recycling
d
an increase in the market price of crude oil
Answers
GPT-4o mini
d an increase in the market price of crude oil