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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.
Solution
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.
