NABTEB Economics 2023 Objective — Question 11
Question 11 of 50 from the National Business and Technical Examinations Board (NABTEB) Economics 2023 Objective paper, with the correct answer and a full explanation.
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Petrol and kerosene are jointly obtained from crude oil. If the supply of petrol increases, the A. supply of kerosene will fall B. cost of crude oil production has increased C. supply of kerosene will rise D. supply of kerosene will remain unchanged
- A. supply of kerosene will fall
- B. cost of crude oil production has increased
- C. supply of kerosene will riseCorrect
- D. supply of kerosene will remain unchanged
Explanation
Petrol and kerosene are in joint supply from crude oil, so refining more crude oil to increase petrol supply also increases the supply of kerosene.
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