Question
Statements: Some Pulsar are not bajaj. All
bajajs are Hero. Conclusions: I. Some bajaj are not Pulsar. II. Some Heros are not bajaj. III. All bajaj are Pulsar. In each of the questions below are given two statements followed by three conclusions numbered I, II and III. You have to take the given statements to be true even if they seem to be at variance with commonly known facts. Read all the conclusions and then decide which of given conclusions logically follows from the given statements disregarding commonly known facts.Solution
Either I or III follows. None of the conclusions will follow. However, Conclusion I and III make a complementary pair, hence, either conclusion I or III will follow.
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Competition between very dissimilar types of retail outlets that carry some of the same kind of merchandise is referred to as:
When demand is equal to supply, it is known as _______ demand.