Question

With the increase in the fuel prices, the price of consumer products increases because oil is an

essential component of the industrial and the manufacturing sectors, also petrol and diesel is used

for the transportation of goods .thus creating an inflationary pressure. There are two statements

which based on petrol and CNG gas, given below

Statement I:Every six months ,price of petrol increases at the rate of Rs.4 per litre.

Taking price of petrol in December ,2011 as x and represent price of petrol as y.

Statement II: Due to continuous rise in the petrol price, people are shifting towards CNG whose price

increases at the rate of Rs.3 per liter in a year.

So, give answer of the questions by reading the above statements.

1)According to the first statement, from the linear equation showing amount spend on petrol in

December 2012.​

Answer 1

Answer:

The high rate of fuel prices will have an impact on the automotive sector — a large source of employment in the country — as vehicle sales may see a sharp drop. ... A further contraction in demand for vehicles will have a major impact on the automotive industry and the lakhs of MSMEs that supply goods to the sector

Step-by-step explanation:

i hope it's helpful