NECO Economics 2022 Objective — Question 50
Question 50 of 50 from the National Examinations Council (NECO) Economics 2022 Objective paper, with the correct answer and a full explanation.
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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 industriesCorrect
- D. will make producing countries richer
Explanation
If crude oil is no longer needed as the main source of energy (petrol), its demand may become limited to industrial uses such as the production of plastics and other petrochemical products.
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