Statement: In view of the recent spurt in sugar prices in the open market, the government has asked the dealers to release a vast quantity of imported sugar in the open market. Assumptions: The dealers will follow the government directive. The sugar prices will come down. The price of indigenous sugar will remain unchanged.

Only I and II are implicit
Only II and III are implicit
Only I and III are implicit
None is implicit
All are implicit

Correct Answer: Only I and II are implicit

Explanation:

The government's decision is clearly a measure to increase supply and control rates. So, both I and II are implicit, while III is not.

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