Statement The X airlines has decided to increase the passenger fare by 15% with immediate effect. Assumptions I. The demand for seats of X-airlines may remain unchanged even after the hike of the fare. II. Other airline companies may also hike the passengers fares.

Correct Answer: If only Assumption I is implicit

Explanation:

The 'X'- airlines has decide to increased the fares assumption that it will not affect its business adversely. Therefore, Assumption I is implicit in the statement. Other airlines may or may not follow this pursuit.


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