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Re: In January there was a large drop [#permalink]
 08 Sep 2010, 05:44
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Re: In January there was a large drop [#permalink]
18 Jan 2011, 00:47
I have managed to leave A as an ans. because other answer options couldnot withstand the test of appropriateness to the premise.
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Re: In January there was a large drop [#permalink]
13 Apr 2011, 22:25
The answer is A.
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Re: In January there was a large drop [#permalink]
15 Apr 2011, 10:39
+1 A The average price increased because the percentage of expensive houses sold of the total sold has increased in january.
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Re: In January there was a large drop [#permalink]
20 May 2011, 08:22
A and C come close. C says that prices have been increasing steadily. Thats the fallacy used. A says that high priced houses might have caused the sharp price rise,as lesser buyers automatically translates to increase in prices. A it is.
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Re: In January there was a large drop [#permalink]
20 May 2011, 09:28
A because of rise in avg price of household sold.. nice question..
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Re: In January there was a large drop [#permalink]
29 Jun 2011, 23:25
Option A seems to be the best answer My explanation: average price of new houses sold (Z) = ((average price of High-price house sold * Nbr of High-price houses sold) + (average price of Low-price house sold * Nbr of Low-price houses sold)) / (Nbr of High-price houses sold + Nbr of Low-price houses sold) That is Avg = (A*B ) + (C*D))/(B+D)Where A (average price of High-price house sold) < C (average price of Low-price house sold) and B (Nbr of High-price houses sold) is constant but D (Nbr of Low-price houses sold) has Decreased So its quiet evident that "average price of new houses sold (Z)" would increase
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Re: In January there was a large drop in the number of new [#permalink]
18 Apr 2012, 06:55
First of all this is Not a strengthen type Q. This is more like Resole the paradox.
So, two contradictory facts are given. We have to answer: why average price of sold house has gone up, while the demand is supposed to be low. Only A answers the question clearly.
pre-phrasing the answer helps.
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Re: In January there was a large drop in the number of new [#permalink]
18 Apr 2012, 13:01
The key here is the term "average price of home." In answer choice (A) it gives us a concrete reason for why the average price of homes would increase: the number of expensive homes sold was higher than usual. Since the rest of the housing market - cheap homes to average priced homes - is not doing as well, the average price of homes sold is going to increase. Even if the number of expensive homes sold remained the same, the average price would still increase if the number of medium-priced homes sales decreased. In answer (C), we are no longer dealing with averages but with number of units sold. However, we are not worried here about the number of houses sold per se, but the average price of homes sold. Hope that helps 
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Re: In January there was a large drop in the number of new [#permalink]
18 Apr 2012, 14:04
IMO A for me A and E were tempting! Reason for A: If the sale of expensive houses is not affected then the avg price of the new houses sold will be high as mostly the higher priced houses r getting sold! Reason for E: Although, E sounded good too, but even if the rates are expected to increase then also it does not mean that the prices of the new houses sold will increase. Also, nothing can be concluded about the average price of the new houses sold. Hence, i Chose A
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Re: In January there was a large drop in the number of new
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