The unit cost of natural gas ($/ft3) for residential customers is generally lower than that for the electric power industry. a) - True b) - False

Answer: True

Explanation: The amount of natural gas supplied in the residential area has lesser cost as compared with the electric power industry. The cost is lesser for the natural gas because it is abundantly available resource in the environment and electricity is generated by several methods and thus supplied so there is more effort and resources required and this costs more. Therefore, natural gas is cheaper as compared with electric power.