Instructions

The following table gives demand and supply of steel for the years 2003 to 2008. Surplus is defined as ‘Supply - Demand’. Read the table and answer the questions.

Question 65

Surplus of steel is highest for the year

Solution

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Surplus for the years are:

2003: 4.1 million tons

2004: 9.3 million tons

2005: 9.4 million tons

2006: 1.7 million tons

2007: -25.8 million tons

2008: -2.5 million tons

Hence, it is clear that the surplus is highest in 2005.

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