Assuming that the data given in the statement are definitely true which of the following conclusions can be logically deducted from given statements.
Statement: Sugar prices have surged in the market.
Conclusions:
I. The demand for sugar has increased.
II. Sugar availability may be less.
Show answer & explanation
Correct answer: D
Explanation
Correct answer: 'Neither follows.'
Conclusion I (Demand has increased): This cannot be said with certainty, because demand may remain the same, but prices may have increased due to a decrease in supply.
Conclusion II (Availability may have decreased): This cannot be said with certainty either, because availability may be sufficient, but demand may have suddenly increased significantly due to festivals or some other reason.