Question
The total demand for Cotton in 2005-06 in Country X is nearly balanced by the total supply of ______ in 2005-06.
Answer: Option C
:
C
This question can be solved using the Factor of Multiplication(FOM) between both graphsFOM = 20635201023531 = 2010 ≈ 2
Thus, since the cotton percentage is 32% in the Demand Graph, a similar value in the Supply Graph will be obtained by multiplying 32 with its factor of multiplication (2) = 32 × 2=64%.
Look at the answer options. Only option (c) – Oil +Food+Plastic =40+23+1= 64%. You can directly mark answer (c)
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:
C
This question can be solved using the Factor of Multiplication(FOM) between both graphsFOM = 20635201023531 = 2010 ≈ 2
Thus, since the cotton percentage is 32% in the Demand Graph, a similar value in the Supply Graph will be obtained by multiplying 32 with its factor of multiplication (2) = 32 × 2=64%.
Look at the answer options. Only option (c) – Oil +Food+Plastic =40+23+1= 64%. You can directly mark answer (c)
Was this answer helpful ?
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