Problem

Price of Crude Oil Figure 1 shows the price of one barrel of crude oil on the New York Sto...

Price of Crude Oil Figure 1 shows the price of one barrel of crude oil on the New York Stock Exchange from June 1, 2007, to April 1, 2008. Determine the price increase from June 1 to December 1 in 2007. Also determine whether the price was rising, falling, or holding steady on these days.

Figure 1 Price of crude oil, June 1, 2007, to April 1, 2008.

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Solutions For Problems in Chapter 1.2