In the past year, there has been a large drop in the number : GMAT Critical Reasoning (CR)
Check GMAT Club Decision Tracker for the Latest School Decision Releases http://gmatclub.com/AppTrack

 It is currently 19 Jan 2017, 09:26

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# In the past year, there has been a large drop in the number

Author Message
TAGS:

### Hide Tags

Director
Joined: 07 Nov 2004
Posts: 689
Followers: 6

Kudos [?]: 142 [0], given: 0

In the past year, there has been a large drop in the number [#permalink]

### Show Tags

18 Nov 2004, 15:20
00:00

Difficulty:

(N/A)

Question Stats:

100% (00:00) correct 0% (00:00) wrong based on 0 sessions

### HideShow timer Statistics

In the past year, there has been a large drop in the number of new cars sold, due to harsh economic conditions in the marketplace and high taxes. At the same time, the avg price paid for a new car has risen dramatically.

Which of the following, if true best explains the increase in the avg price of a new car?

A) The price of the used car has climbed steadily in the past 10 yrs.
B) There will be a tax reduction later in the year which is expected to aid moderate and low income families.
C) The market for expensive cars has been unaffected by the current economic conditions.
D) Economic conditions are supposed to get significantly worse before the end of the year.
E) Low demand for trucks and vans has lead to lower production in the factories.
If you have any questions
New!
Manager
Joined: 21 Jul 2004
Posts: 121
Followers: 1

Kudos [?]: 1 [0], given: 0

### Show Tags

18 Nov 2004, 18:12
I would pick C.

Because the market for expensive cars is not affected by economy, this explains why the avg price has gone up.
Director
Joined: 07 Nov 2004
Posts: 689
Followers: 6

Kudos [?]: 142 [0], given: 0

### Show Tags

18 Nov 2004, 20:29
Doggita you are right. OA is C
Senior Manager
Joined: 19 Oct 2004
Posts: 317
Location: Missouri, USA
Followers: 1

Kudos [?]: 78 [0], given: 0

### Show Tags

19 Nov 2004, 11:17
I think this one's from OG. Well i pick C. the thing is, since the expensive cars can still be bought, there should be a rise in other type of relatively inexpensive cars to compensate for teh bad economy. This is only possible if the average price rises.
D is incorrect as it simply states the information already given in the stem.
_________________

Let's get it right!!!!

19 Nov 2004, 11:17
Similar topics Replies Last post
Similar
Topics:
In the past year, there has been a large drop in the number 8 16 Jul 2009, 03:03
1 In the past year, there has been a large drop in the number 17 03 Sep 2008, 02:11
3 In the past year, there has been a dramatic increase in the 15 19 Jul 2008, 14:26
In the past year, there has been a large drop in the number 10 16 Jul 2008, 21:44
In the past year, there has been a large drop in the number 6 26 Feb 2008, 00:55
Display posts from previous: Sort by