Discussion :: Statement and Assumption
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Statement: The Airlines X has decided to increase the airfare by 10% with immediate effect.
Assumptions:
I. Other airlines may also increase the price of their tickets.
II. The demand for seats of Airlines may remain unchanged even after the hike in airfares.
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A.
Only I is implicit
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B.
Only II is implicit
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C.
Either I or II is implicit
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D.
Neither I nor II is implicit
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E.
Both I and II are implicit
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Answer : Option D
Explanation :
It is understood that prices are increased when a company is sure that it will not affect the revenue badly. So, II is implicit. However, the impact of this hike on other airlines cannot be ascertained. So, I is not implicit.
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