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If petrol is no longer needed to produce energy, then demand for crude oil

Economics
WAEC 2022

If petrol is no longer needed to produce energy, then demand for crude oil

  • A. will increase
  • B. will remain constant
  • C. may be limited to chemical industries
  • D. will make producing countries richer
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Correct Answer: Option C
Explanation

The transportation industry is the highest demand for petrol while the chemical industry a close second.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Your School's Whatsapp Group - Join Us now