Answer to Question #130518 in Microeconomics for NURUL AZIRA BINTI HAIRUDDIN

Question

explain the factors that have driven by the increasing domestic demand for gas?

Answer 1

Gas can be utilized in the in areas of domestic market. For instance, it can be used in electricity production: the direction is losing relevance slowly as people are sorting for alternative energy methods. Also, Gas is utilized in domestic industries/commercial areas. However, when economic changes occurs their is a corresponding demand fluctuations for gas. Most of the population use gas for domestic purposes even though the rate of consumption varies seasonally depending on technological advancement of a given country. Therefore, such factors have lead to increasing domestic demand for gas.