Consider the given statement to be true and decide which of the following assumptions is/are implicit.

Statement:

A leading school in Mumbai will increase its fees by 150% from the next academic year.

Assumptions:

1. Students may change school due to more fees.

2. The school may still have the same demand among the students.

1
Only assumption 1 is implicit.
2
Only assumption 2 is implicit.
3
Both assumptions 1 and 2 are implicit.
4
Either assumption 1 or 2 is implicit.

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