the state transport department has decided increase the passenger fare by15 percent with immediate effect.asmptionsare 1.the demand for seats of x airlines may remain unchanged even after the hike of fair 2. other airlines may also hike the passengers fares. options are 1.only assumption one is implicit 2.only assumption 2 is implicit. both assumptions are implicit. 4. neither of them
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Clearly, such decisions are taken only after making sure that it will not affect the company's business adversely. So, I is implicit. However, the impact of this increase on other airlines cannot be ascertained. So, II is not implicit.
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