The new initiative of the government to slash the cost of power supply to industries will boost the industrial growth significantly. At the same time, it will help the ruling party to garner votes in the coming elections. A majority of the residents of the state will give a nod to the initiative and will be happy.

The argument above depends upon which of the following assumptions?

Hitherto the cost of power supply to the industry was exorbitant.

A majority of the residents are industrialists or are directly benefited.

The discounted cost will encourage industries from overseas to invest in the state.

A part of the cost reduction will be passed on by the industry to the consumers.

Residents will protest against the drop particularly since cost of domestic supply has not been reduced.