01 May C urrent annual consumption of energy is 78 billion units and this is expected to rise at
C urrent annual consumption of energy is 78 billion units and this is expected to rise at
a fi xed rate of 5.8% each year. The capacity of the industry to supply energy is currently
104 billion units.
(a)Assuming that the supply remains steady, after how many years will demand exceed
supply?
( b)What constant rate of growth of energy production would be needed to satisfy
demand for the next 50 years?
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