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 Question 18 (4 Marks) What is one of the potential effects of the aforementioned inflation on the South African economy? A. Decreased purchasing power of money. B. Increased consumer savings. C. Reduced interest rates on loans. D. Higher demand for imports