WAEC Economics 2022 Objective — Question 50
Question 50 of 50 from the West African Examinations Council (WAEC) 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 decrease
- C. will remain constant
- D. may be limited to chemical industriesCorrect
Explanation
If petrol (a major product of crude oil) is no longer needed for energy production, the demand for crude oil may become limited to other uses, such as producing raw materials for chemical industries.
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