Post Utme Lautech 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Lautech Economics examination.

Post Utme Lautech 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_LAUTECH • 2024 • ECONOMICS • objective

The government of Nigeria has implemented a policy to increase the production of electricity in the country. The policy includes investing in renewable energy sources, improving the efficiency of power plants, and increa\sing the availability of electricity transmission lines. What is the likely effect of this policy on the demand for electricity in Nigeria?

Answer Options

A. The demand for electricity will decrease
Correct Answer B. The demand for electricity will increase
C. The demand for electricity will remain the same
D. The demand for electricity will fluctuate
Correct Answer
B
Correct Option:
The demand for electricity will increase

About This Question

This is Post Utme Lautech 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Lautech Economics examination.

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