Bissoy.com
Doctors Medicines MCQs Q&A

Statements followed by some conclusions are given below. Statements: 1. Demand and supply determine the prices of goods and services. 2. When there are too many buyers, prices are pushed up and too many sellers push down prices. Conclusions: I. Buyers and sellers determine the prices. II. Price discovery is market driven. Find which of the given conclusions logically follows from the given statements. A. Only conclusion I follows B. Only conclusion II follows C. Both I and II follow D. Neither I nor II follows

Statements followed by some conclusions are given below. Statements: 1. Demand and supply determine the prices of goods and services. 2. When there are too many buyers, prices are pushed up and too many sellers push down prices. Conclusions: I. Buyers and sellers determine the prices. II. Price discovery is market driven. Find which of the given conclusions logically follows from the given statements. A. Only conclusion I follows B. Only conclusion II follows C. Both I and II follow D. Neither I nor II follows Correct Answer C

I. Buyers and sellers determine the prices. → True (As, when there are too many buyers, prices are pushed up and too many sellers push down prices.)

II. Price discovery is market driven. → True (As, demand and supply determine the prices of goods and services.)

Hence, both I and II follows.

Related Questions

Statements followed by some conclusions are given below. Statements : 1. Demand and supply determine the prices of goods and services. 2. When there are too many buyers, prices are pushed up and too many sellers push down prices. Conclusions : I. Buyers and sellers determine the prices. II. Price discovery is market driven. Find which of the given conclusions logically follows from the given statements.
Statements followed by some conclusions are given below. Statements: 1. Some blues are violets whereas some are purples. 2. All oranges are reds and some reds are violets. 3. All purples are red. Conclusions: I. Some reds are blues. II. Some oranges are violets. Find which of the given conclusions logically follow from the given statements.  A. Only conclusion I follows. B. Only conclusion II follows. C. Both I and II follow. D. Neither I nor II follows.
Below are given statements followed by some conclusions. You have to take the given statements to be true even if they seem to be variance with the commonly known facts and then decide which of the given conclusions logically follow(s) from the given statements. Statement: Domestic demand has been increasing faster than the production of indigenous crude oil. Conclusions: I. Crude oil must be imported. II. Domestic demand must be reduced. A. Only conclusion I follows B. Only conclusion II follows C. Neither I nor II follows D. Both I and II follow
A statement and its two conclusions - I and II are given. You have to follow the given statements is correct even if they seem to be at variance from commonly known facts. Statement: All belts are hot. All bolts are hot. Conclusions: I. At least some belts are bolts. II. All hot are belts. Decide which of the following options logically follows from the given conclusions. A. Only conclusion I follow. B. Only conclusion II follows. C. Both conclusions I and II follow. D. Neither conclusion I nor conclusion II follows.
Below are given statements followed by two conclusions I and II. You have to take the given statements to be true even if they seem to be at variance from commonly known facts. Statements: All birds are trees. All trees are papers. Some papers are books. Conclusions: I. All birds are papers. II. Some birds are books. Decide which of the below options logically follows the given conclusions. A. Both conclusion I or II follows B. Neither conclusion I nor II follows C. Only conclusion I follows D. Only conclusion II follows
Statements followed by some conclusions are given below. Statements:  A. Ravi works more than Meera, who works 8 hours per day. B. Yuvi works 9 hours per day, which is 1 hour less than Ravi. Conclusions: I. Ravi works 8 hours. II. Yuvi and Ravi per day both works more than Meera. Find which of the given conclusions logically follow from the given statements.  A. Only conclusion I follows. B. Only conclusion II follows. C. Both I and II follow. D. Neither I nor II follows.
Below are the statements and some of their conclusions. You have to assume the given statements to be true even if they seem to be at variance from commonly known facts. Statements: Some elephants are lions. Some lions are camels. Conclusion: I. Some cows are camels. II. All lions are cows. Decide which of the following conclusions logically follows from the given statements. A. Only conclusion I follows. B. Only conclusion II follows. C. Neither I nor II follows D. Both I and II follow.
Statements followed by some conclusions are given below. Statements: 1. Tea is green, Coffee is brown and milk is white. 2. More than half of the town likes tea. 3. People who like white don’t like green and some people who like brown don’t like white. Conclusions: I. Green is more popular in the town. II. There is at least one coffee drinker who does not like tea. Find which of the given conclusions logically follows from the given statements. A. Only conclusion I follows. B. Only conclusion II follows. C. Both I and II follow. D. Neither I nor II follows.
Some statements and its two conclusions 1 and 2 are given. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. Statement: All mangoes are golden colored. No golden thing is cheap. Conclusion: 1. All mangoes are cheap. 2. Golden colored mangoes are not cheap. Decide which of the following options given below logically follows the given statements. A. Both conclusions 1 and 2 follow. B. Neither conclusion 1 nor conclusion 2 follows. C. Only conclusion 1 follows D. Only conclusion 2 follows
Below are the statements and some of their conclusions. You have to follow the given statements correctly even if they seem to be at variance from commonly known facts. Statement: All chairs are windows. No window is a door. Conclusion: I. Some chairs are doors. II. No door is window. Decide which of the following conclusions logically follows from the given statements. A. Only conclusion I follows. B. Only conclusion II follows. C. Neither I nor II follows. D. Both I and II follow.