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 66

Average supply of steel (in million tons) from 2003 to 2008 is

Solution

Share

The average supply of steel from 2003 to 2008= (49.2$$\ +\ $$52.8$$\ +\ $$50.1$$\ +\ $$31.9$$\ +\ $$30.8$$\ +\ $$60)$$\div$$6, which is equal to 45.8.

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