Read the given statement and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance with commonly known facts, decide which of the given conclusions logically follow(s) from the statement.
Statement:
Prices of pulses have doubled in the last 15 days due to shortages artificially created by large-scale hoarding by a few traders.
Conclusions:
I. Hoarding is the only factor that leads to an increase in the price of pulses
II. Fifteen days ago, there was no shortage in availability of pulses
1
Only conclusion I follows
2
Both conclusions I and II follow
3
Neither conclusion I nor II follows
4
Only conclusion II follows