The power is wasted in the form of heat through the resistance RC in the transmission cables.
I is the current that flows through RC.Therefore, the power wasted, PC=I2Rc
So, power depends upon I2, therefore 𝐼 should be low and since,
P=IV,V should be high
Therefore, for a constant value of power, magnitude of I is low for a high magnitude of V and magnitude of I is high for a low magnitude of V.
Hence, in order to reduce wastage of power, magnitude of I should be low and magnitude of V should be high.
Final Answer: Magnitude ofI should be low and magnitude of V should be high.