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1. Statement: The X-Airlines has decided to increase the passenger fare by 15 percent with immediate effect. Assumptions: The demand for seats of X-Airlines may remain unchanged even after the hike of fare. Other airline companies may also hike the passenger fares.






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  • By: guest on 02 Jun 2017 01.29 am
    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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