<u>Directions :</u> In each of the following questions a statement is given, followed by three conclusions. Give answer :<br><br><u>Statement :</u> The X passenger car manufacturing company announced a sharp reduction in the prices of its luxury cars.<br><br><u>Assumptions :</u><br>I. There may be an increase in the sale of luxury cars of Company X.<br>II. The other such car manufacturers may also reduce their prices.<br>III. The competitor companies may not reduce their prices.

Correct Answer: None is implicit
The reduction in prices is clearly a step to promote sales of the company. So, I is implicit. However, other companies may or may not follow the same pursuit. So, either II or III is implicit.