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
Percentage increase in supply of steel from 2003 to 2008 was $$\frac{60-49.2}{49.2}\times\ \times\ 100\approx\ 21.95\%$$.
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