Find all School-related info fast with the new School-Specific MBA Forum

It is currently 02 Oct 2014, 02:59

Close

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
Your Progress

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

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

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 07 Jul 2004
Posts: 5097
Location: Singapore
Followers: 19

Kudos [?]: 149 [0], given: 0

In the past year, there has been a large drop in the number [#permalink] New post 15 Oct 2005, 12:17
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

100% (03:10) correct 0% (00:00) wrong based on 1 sessions
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 average price paid for a new car has risen dramatically.

Which of the following, if true, best explains the increase in the average price of a new car?
(A) The price of used cars has climbed steadily over the past ten years.
(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 car has been unaffected by the current economic conditions.
(D) Economic conditions are expected to get significantly worse before the end of the year.
(E) Low demand for trucks and vans has led to lower production in the factories.
Kaplan Promo CodeKnewton GMAT Discount CodesGMAT Pill GMAT Discount Codes
Director
Director
avatar
Joined: 21 Aug 2005
Posts: 795
Followers: 2

Kudos [?]: 5 [0], given: 0

 [#permalink] New post 15 Oct 2005, 15:10
C

Market for expensive car is steady, so to contribute to the decline in the overall numbers of new cars sold, the sales of no-expensive new cars should have gone down. Hence, the proportion of expensive cars among all new cars has increased and so has the price.
  [#permalink] 15 Oct 2005, 15:10
    Similar topics Author Replies Last post
Similar
Topics:
1 In the past year, there has been a large drop in the number Nihit 17 03 Sep 2008, 02:11
In the past year, there has been a large drop in the number nmohindru 2 02 Aug 2008, 04:06
In the past year, there has been a large drop in the number sgrover 9 15 Jun 2006, 19:07
In the past year, there has been a large drop in the number nakib77 4 14 Oct 2005, 12:34
In the past year, there has been a large drop in the number gayathri 3 18 Nov 2004, 15:20
Display posts from previous: Sort by

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

  Question banks Downloads My Bookmarks Reviews Important topics  


cron

GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.