Question

94. Statements followed by some
conclusions are given below.
Statements
1. Demand and supply determine the
prices of goods and services.
2. When there are too many buyers,
prices are pushed up and too many
sellers push down prices.
Conclusions
1. Buyers and sellers determine the
prices.
II. Price discovery is market driven.
Find which of the given conclusions
logically follows from the given
statements,
(A) Only Conclusion I follows
(B) Only Conclusion Il follows
(© Both I and II follow
(D) Neither I nor II follows
1A 2 B 3.C 4.0
1

Answer 1

Answer:

option c. is correct answer

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Answer 2

Answer:

I think option c is correct