Statement: The world gold production has continued to grow irrespective of the price hike. Assumptions: I. Quantity of gold produced doesn't affect its price in the market. II. In case of price hike the production of gold should be reduced.
Correct Answer: if only assumption II is implicit.
Explanation:
The speaker is assuming II; that is why he has used the term irrespective while comparing the gold production with price hike (inflation). I is not implicit; the assumption is that price hike affects gold production.
