Which of the following has seen the greatest increase in price over the past year? What is the central idea of the article?
Understand the Problem
The question is asking to identify which item has seen the greatest price increase over the past year and the central idea of an article regarding inflation and its effects. The questions suggest analysis of economic trends and impacts of recent events.
Answer
Gasoline; inflation due to pandemic, demand, supply, and oil prices.
The final answer is Gasoline for the greatest price increase, and the central idea is inflation caused by the pandemic, high demand, short supply, and the rising price of oil is affecting Americans.
Answer for screen readers
The final answer is Gasoline for the greatest price increase, and the central idea is inflation caused by the pandemic, high demand, short supply, and the rising price of oil is affecting Americans.
More Information
Economic factors such as increased demand, supply chain issues, and oil price hikes have contributed to rising gasoline prices. The article highlights how these factors collectively impact the economy.
Tips
A common mistake is not considering how interconnected issues like supply and demand affect prices.
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