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Complaints that milk bottlers take enormous markups on the

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Complaints that milk bottlers take enormous markups on the [#permalink] New post 13 Dec 2004, 18:44
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Complaints that milk bottlers take enormous markups on the bottled milk sold to consumers are most likely to arise when least warranted by the actual spread between the price that bottlers pay for raw milk and the price at which they sell bottled milk. The complaints occur when the bottled-milk price rises, yet these price increases most often merely reflect the rising price of the raw milk that bottlers buy from dairy farmers. When the raw-milk price is rising, the bottlers’ markups are actually smallest proportionate to the retail price. When the raw-milk price is falling, however, the markups are greatest.

If all of the statements above are true, which one of the following must also be true on the basis of them?

(A) Consumers pay more for bottled milk when raw-milk prices are falling than when these prices are rising.
(B) Increases in dairy farmers’ cost of producing milk are generally not passed on to consumers.
(C) Milk bottlers take substantially greater markups on bottled milk when its price is low for an extended period than when it is high for an extended period.
(D) Milk bottlers generally do not respond to a decrease in raw-milk prices by straightaway proportionately lowering the price of the bottled milk they sell.
(E) Consumers tend to complain more about the price they pay for bottled milk when dairy farmers are earning their smallest profits.
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Re: CR-milk bottlers [#permalink] New post 13 Dec 2004, 23:43
Quote:
The complaints occur when the bottled-milk price rises, yet these price increases most often merely reflect the rising price of the raw milk that bottlers buy from dairy farmers. When the raw-milk price is rising, the bottlers’ markups are actually smallest proportionate to the retail price. When the raw-milk price is falling, however, the markups are greatest.

(D) Milk bottlers generally do not respond to a decrease in raw-milk prices by straightaway proportionately lowering the price of the bottled milk they sell.



the answer is clearly - D; i
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 [#permalink] New post 15 Dec 2004, 13:45
the OA is D
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 [#permalink] New post 15 Dec 2004, 20:40
hey doggita where do you find these questions? what is your source ?
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 [#permalink] New post 15 Dec 2004, 21:03
i believe some of these are LSAT questions..
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 [#permalink] New post 15 Dec 2004, 21:19
thanx, i am getting the book soon and the cd .
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 [#permalink] New post 15 Dec 2004, 22:42
if you want, i can send you the file that i use.
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 [#permalink] New post 16 Dec 2004, 07:29
that would be great - my email is - xel_naga3d@yahoo.com
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 [#permalink] New post 16 Dec 2004, 18:31
thanx for the file doggita, i really appreciate it, where did you find it , did you compile it from a book or u downloaded it from somewhere. i am looking fo more sources for good CR questions? do you have some more of these or do you know some websites?
  [#permalink] 16 Dec 2004, 18:31
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