Test: LSAT Logical Reasoning

The production of pencil sharpeners can no longer be profitable. This is because various factors have decreased demand for pencil sharpeners. First, pens are used far more than they once were. Second, those who use pencils often use mechanical pencils. Finally, increased use of electronics has decreased the need for handwriting.
1. The argument depends on which of the following assumptions?
Anything that can be accomplished with pencils can also be accomplished with electronics
Students no longer prefer pencils over pens for math calculations
Pencil sharpeners are only in demand for the purpose of sharpening pencils
Production of pencil sharpeners cannot be profitable if there is a decreased demand for them
Availability of mechanical pencils has increased

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