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|x+y| < |x| +|y|
Now, this is true only when x and y have different signs.

Let's take some examples to understand this
Ex 1: x = 1, y = 2
=> |x+y| = |1 + 2 | = |3| = 3
=> |x| + |y| = |1| + |2| = 1 + 2 = 3 = |x + y|

Ex 2: x = 1, y = -2
=> |x+y| = |1 + (-2) | = |-1| = 1
=> |x| + |y| = |1| + |-2| = 1 + 2 = 3 > |x + y|

=> x and y have different signs

I. xy<0
This is TRUE ALWAYS as x and y have different signs and both of them cannot be zero

II. xy^3 < 0
=> x * y * y^2 < 0
Now, we know that y^2 will always be > 0
=> x * y < 0
which is same as I, so TRUE ALWAYS

III. x + y < 0
Now, this might not be true always as we just know that x and y have different signs. Let's take some examples
Ex 1: x = 3, y = -2 => x + y = 3 + (-2) = 1 > 0
Ex 2: x = -2, y = 1 => x + y = -2 + 1 = -1 < 0
So, this NEED NOT BE TRUE ALWAYS

So, Answer will be D
Hope it helps!

Watch the following video to MASTER Absolute Values

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