Question: ead the following statement and answer questions 17 and 18: Oil prices are on track to reach $100 a barrel this month for the first

ead the following statement and answer questions 17 and 18: Oil prices are on track to reach $100 a barrel this month for the first time in 2023 after surging by almost 30% since June, after Russian and Saudi Arabian production cuts and rising demand from China. Question 17 (4 Marks) With many industries being heavily reliant on energy and transportation, what type of inflation would this lead to in South Africa? A. Demand-pull inflation B. Cost-push inflation C. Stagflation D. Hyperinflation

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