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Which of the following logically completes the passage?

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Which of the following logically completes the passage? [#permalink] New post 04 Aug 2012, 10:30
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Which of the following logically completes the passage?

Pecan growers get a high price for their crop when pecans are comparatively scarce, but the prices drops sharply when pecans are abundant.
Thus, in high yield years, growers often hold back part of their crop in refrigerated warehouses for one or two years, hoping for higher prices in future.
This year's pecan crop was the smallest in five years. It is nonetheless quite possible that a portion of this year's crop will be held back,since

A) Each of the last two years produced record breaking pecan yields
B) The Quality of this year's pecan crop is no more worse than the quality of the pecan crops of the previous five years
C) pecan prices have not been to sharp fluctuation in recent years
D) For some pecan growers , this year's crop was no smaller than last year's.
E) the practice of olding back part one year's crop had not yet become widespread the last time the pecan crop was as small as it was this year.


I am confused between two options.
[Reveal] Spoiler: OA
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Re: Pecan Growers [#permalink] New post 04 Aug 2012, 14:25
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Capricorn369 wrote:
thevenus wrote:
A) Each of the last two years produced record breaking pecan yields
the last year pecan will be disseminated slowly for sale and this year's fresh peacan wil be stored to stabilize the price as well.correct
B) The Quality of this year's pecan crop is no more worse than the quality of the pecan crops of the previous five years
quality is not into consideration
C) pecan prices have not been to sharp fluctuation in recent years
even then, the low yield will make the growers to hold it back.
D) For some pecan growers , this year's crop was no smaller than last year's.
then they will definitely hold the crops in order to sudden drop of price.
E) the practice of olding back part one year's crop had not yet become widespread the last time the pecan crop was as small as it was this year.
this condition is not mentioned


@thevenus - your explanation for answer A doesn't make much sense because pecan should be sold when the pecans crop are comparatively scarce to obtain higher prices. I'm not sure why pecan growers will not sell all the pecans (including this year's pecons) when prices are high despite of saving it for next year? Also, Passage doesn't suggests anything about stabilizing the pecan's price.

Can you explain? Thx.



Premise excerpt ;
"...... in high yield years, growers often hold back part of their crop in refrigerated warehouses for one or two years, hoping for higher prices in future"

This year's pecan crop was the smallest in five years. It is nonetheless quite possible that a portion of this year's crop will be held back,since ...?

If each of the last two years produced record breaking pecan yields then,this year with low production growers will first sell the grains already flooded in cold storage and hold the fresh grains in cold storage.

(A) wins.
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Re: Pecan Growers [#permalink] New post 06 Aug 2012, 12:38
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I received a PM on this one. I'll do my best to dispel any confusion :).

The way I see it there is a paradox going on here. Compared to high yield seasons, in which farmers store pecans to keep the price down, low yield seasons would not lead to storage. Thus, we need an answer that resolves this paradox. First off, notice the wording, "was the smallest in five years." That is not the same as a low yield year if the preceding harvests were high yield. This year simply wasn't as high.

The correct answer, answer (A), describes exactly such a scenario: record breaking yields in the previous two years. Therefore, this year can also be a high yield season and farmers are doing as they usually would, i.e., holding back part of their crop.
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Re: Pecan Growers [#permalink] New post 04 Aug 2012, 10:50
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nipun1987 wrote:
Which of the following logically completes the passage?

Pecan growers get a high price for their crop when pecans are comparatively scarce, but the prices drops sharply when pecans are abundant.
Thus, in high yield years, growers often hold back part of their crop in refrigerated warehouses for one or two years, hoping for higher prices in future.
This year's pecan crop was the smallest in five years. It is nonetheless quite possible that a portion of this year's crop will be held back,since

A) Each of the last two years produced record breaking pecan yields
B) The Quality of this year's pecan crop is no more worse than the quality of the pecan crops of the previous five years
C) pecan prices have not been to sharp fluctuation in recent years
D) For some pecan growers , this year's crop was no smaller than last year's.
E) the practice of olding back part one year's crop had not yet become widespread the last time the pecan crop was as small as it was this year.


I am confused between two options.


My answer is C. Here is the logic -
high yield years -> pecans are abundant -> Low price. (growers often hold back the crop)
Low yield years -> pecans are scarce -> High price. (growers will not hold back the crop)
This year "pecans are scarce/ smallest" -> so High price is expected but crop will be held back this year because prices have not been to sharp fluctuation.

Lets me know what you guys think. Cheers!
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Re: Pecan Growers [#permalink] New post 04 Aug 2012, 11:18
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nipun1987 wrote:
Which of the following logically completes the passage?

Pecan growers get a high price for their crop when pecans are comparatively scarce, but the prices drops sharply when pecans are abundant.
Thus, in high yield years, growers often hold back part of their crop in refrigerated warehouses for one or two years, hoping for higher prices in future.
This year's pecan crop was the smallest in five years. It is nonetheless quite possible that a portion of this year's crop will be held back,since

A) Each of the last two years produced record breaking pecan yields
B) The Quality of this year's pecan crop is no more worse than the quality of the pecan crops of the previous five years
C) pecan prices have not been to sharp fluctuation in recent years
D) For some pecan growers , this year's crop was no smaller than last year's.
E) the practice of olding back part one year's crop had not yet become widespread the last time the pecan crop was as small as it was this year.


I am confused between two options.


Should be A.

Situation here - Portion of this year's crop will be held back - Why???
Now, When will the portion be likely held back, acc. to the stimulus - Hoping for high prices...
Also, if the last two years produce was very high - again acc. to stimulus, the price of these crops would've gone down.
And if this year's produce is less, it is "possible" to hold back these crops in order to set the prices high...

C may not work here, since it talks about some general "fluctuation" - high/low-not given.

Thanks many :),
Kudos if clarified!
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Re: Pecan Growers [#permalink] New post 04 Aug 2012, 11:33
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A) Each of the last two years produced record breaking pecan yields
the last year pecan will be disseminated slowly for sale and this year's fresh peacan wil be stored to stabilize the price as well.correct
B) The Quality of this year's pecan crop is no more worse than the quality of the pecan crops of the previous five years
quality is not into consideration
C) pecan prices have not been to sharp fluctuation in recent years
even then, the low yield will make the growers to hold it back.
D) For some pecan growers , this year's crop was no smaller than last year's.
then they will definitely hold the crops in order to sudden drop of price.
E) the practice of olding back part one year's crop had not yet become widespread the last time the pecan crop was as small as it was this year.
this condition is not mentioned
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Re: Pecan Growers [#permalink] New post 04 Aug 2012, 22:56
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@nipun1987

I second thevenus here.
Refrigerated yield-planned to be sold... But of all choices, A gives a better reason, at least than C right?
We don't have to assume that we sell the old refrigerated yield because it's of low quality. But, it is "Possible" to hold back the current yield because we have a big inventory already, right?
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Re: Which of the following logically completes the passage? [#permalink] New post 07 Dec 2012, 23:43
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Argument

Let us analyse 'Logic Flow' :

Premise 1: Pecan Volume increases ==> Price decreases [negative correlation]
Premise 2: High Volume of Pecan ==> Tendency to store for future selling (when price will be high) [Causal Relation]
Conclusion: This year, there was lowest addition in Volume of Pecan ==> Tendency to store still valid for this year.


Hmm... note :idea: the 'flawed Logic leap' existing between Premise 2 and Conclusion.
Logically, Volume =/= (is not equal to) Addition in Volume
But the 'flawed Logic leap' has assumed that Existing Volume of Pecans (from Premise 2) is same as Addition in Existing Volume of Pecan (as in Conclusion)


Now let us search for the options

A) Each of the last two years produced record breaking pecan yields
It says that the Volume of Pecan available is huge. So using Premise 2, the tendency to store will still persist.

B) The Quality of this year's pecan crop is no more worse than the quality of the pecan crops of the previous five years.
At the most, this information can say that OK, we have good quality crop this year. But, quality cannot decide selling pattern. (it will be far-fetched if we try to establish a relation between quality and selling) :geek:

C) pecan prices have not been subject to sharp fluctuation in recent years.
So, if prices help us decide whether to store or sell, the 'stable price' pattern just tells us- do as you have been doing recently. (Also, the option provides no info regarding Existing Volume of Pecan which is used to make 'selling/storing' decisions)

D) For some pecan growers , this year's crop was no smaller than last year's.
Those SOME people are not the representative of the whole lot of farmers. Immediately eliminate such options. :2gunfire:

E) the practice of holding back part one year's crop had not yet become widespread the last time the pecan crop was as small as it was this year.
Still no info regarding Existing Volume of Pecans. How can I decide- either to sell or store. This option is useless for me. :(

That is how, the OA is A

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Re: Pecan Growers [#permalink] New post 04 Aug 2012, 11:04
Capricorn369 wrote:
nipun1987 wrote:
Which of the following logically completes the passage?

Pecan growers get a high price for their crop when pecans are comparatively scarce, but the prices drops sharply when pecans are abundant.
Thus, in high yield years, growers often hold back part of their crop in refrigerated warehouses for one or two years, hoping for higher prices in future.
This year's pecan crop was the smallest in five years. It is nonetheless quite possible that a portion of this year's crop will be held back,since

A) Each of the last two years produced record breaking pecan yields
B) The Quality of this year's pecan crop is no more worse than the quality of the pecan crops of the previous five years
C) pecan prices have not been to sharp fluctuation in recent years
D) For some pecan growers , this year's crop was no smaller than last year's.
E) the practice of olding back part one year's crop had not yet become widespread the last time the pecan crop was as small as it was this year.


I am confused between two options.


My answer is C. Here is the logic -
high yield years -> pecans are abundant -> Low price. (growers often hold back the crop)
Low yield years -> pecans are scarce -> High price. (growers will not hold back the crop)
This year "pecans are scarce/ smallest" -> so High price is expected but crop will be held back this year because prices have not been to sharp fluctuation.

Lets me know what you guys think. Cheers!




- Even i am of the same opinion
C should be the correct Answer
OG13 , CR Question 65 , gives a weird explanation for A to be correct.
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Re: Pecan Growers [#permalink] New post 04 Aug 2012, 12:10
thevenus wrote:
A) Each of the last two years produced record breaking pecan yields
the last year pecan will be disseminated slowly for sale and this year's fresh peacan wil be stored to stabilize the price as well.correct
B) The Quality of this year's pecan crop is no more worse than the quality of the pecan crops of the previous five years
quality is not into consideration
C) pecan prices have not been to sharp fluctuation in recent years
even then, the low yield will make the growers to hold it back.
D) For some pecan growers , this year's crop was no smaller than last year's.
then they will definitely hold the crops in order to sudden drop of price.
E) the practice of olding back part one year's crop had not yet become widespread the last time the pecan crop was as small as it was this year.
this condition is not mentioned


@thevenus - your explanation for answer A doesn't make much sense because pecan should be sold when the pecans crop are comparatively scarce to obtain higher prices. I'm not sure why pecan growers will not sell all the pecans (including this year's pecons) when prices are high despite of saving it for next year? Also, Passage doesn't suggests anything about stabilizing the pecan's price.

Can you explain? Thx.
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Re: Pecan Growers [#permalink] New post 04 Aug 2012, 12:21
raghupara wrote:
nipun1987 wrote:
Which of the following logically completes the passage?

Pecan growers get a high price for their crop when pecans are comparatively scarce, but the prices drops sharply when pecans are abundant.
Thus, in high yield years, growers often hold back part of their crop in refrigerated warehouses for one or two years, hoping for higher prices in future.
This year's pecan crop was the smallest in five years. It is nonetheless quite possible that a portion of this year's crop will be held back,since

A) Each of the last two years produced record breaking pecan yields
B) The Quality of this year's pecan crop is no more worse than the quality of the pecan crops of the previous five years
C) pecan prices have not been to sharp fluctuation in recent years
D) For some pecan growers , this year's crop was no smaller than last year's.
E) the practice of olding back part one year's crop had not yet become widespread the last time the pecan crop was as small as it was this year.


I am confused between two options.


Should be A.

Situation here - Portion of this year's crop will be held back - Why???
Now, When will the portion be likely held back, acc. to the stimulus - Hoping for high prices...
Also, if the last two years produce was very high - again acc. to stimulus, the price of these crops would've gone down.
And if this year's produce is less, it is "possible" to hold back these crops in order to set the prices high...

C may not work here, since it talks about some general "fluctuation" - high/low-not given.

Thanks many :),
Kudos if clarified!


@raghupara - Your mentioned statement (underlined) is incorrect - if this year's produce is less, it is "possible" to hold back these crops in order to set the prices high...
The passage says that if pecans crop are comparatively scarce it will get a high price. It will be incorrect to say that holding back peacon crops will set the the prices high. Also, general "fluctuation" makes sense because last year the peacon crop was priced lower hence "fluctuation" means higher price. Hope it makes sense.
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Re: Pecan Growers [#permalink] New post 04 Aug 2012, 21:22
Capricorn369 wrote:
raghupara wrote:
nipun1987 wrote:
Which of the following logically completes the passage?

Pecan growers get a high price for their crop when pecans are comparatively scarce, but the prices drops sharply when pecans are abundant.
Thus, in high yield years, growers often hold back part of their crop in refrigerated warehouses for one or two years, hoping for higher prices in future.
This year's pecan crop was the smallest in five years. It is nonetheless quite possible that a portion of this year's crop will be held back,since

A) Each of the last two years produced record breaking pecan yields
B) The Quality of this year's pecan crop is no more worse than the quality of the pecan crops of the previous five years
C) pecan prices have not been to sharp fluctuation in recent years
D) For some pecan growers , this year's crop was no smaller than last year's.
E) the practice of olding back part one year's crop had not yet become widespread the last time the pecan crop was as small as it was this year.


I am confused between two options.


Should be A.

Situation here - Portion of this year's crop will be held back - Why???
Now, When will the portion be likely held back, acc. to the stimulus - Hoping for high prices...
Also, if the last two years produce was very high - again acc. to stimulus, the price of these crops would've gone down.
And if this year's produce is less, it is "possible" to hold back these crops in order to set the prices high...

C may not work here, since it talks about some general "fluctuation" - high/low-not given.

Thanks many :),
Kudos if clarified!


@raghupara - Your mentioned statement (underlined) is incorrect - if this year's produce is less, it is "possible" to hold back these crops in order to set the prices high...
The passage says that if pecans crop are comparatively scarce it will get a high price. It will be incorrect to say that holding back peacon crops will set the the prices high. Also, general "fluctuation" makes sense because last year the peacon crop was priced lower hence "fluctuation" means higher price. Hope it makes sense.


@Capricorn
Not to me at least :)!
It's simple and u said it almost:
"The passage says that if pecans crop are comparatively scarce it will get a high price" - That means, in order to get a high price, we/the farmers in simple words can lessen the crop yield and to actually lessen what we/the farmers have already got, it's meaningful to hold back some of them primarily because x) this holding back is not out of scope and is well stated in the passage, y) on the whole it fits the argument.

Coming to fluctuation - it simply means that the price was a variant and that's it I prefer to infer...

Regards many,
...
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Re: Pecan Growers [#permalink] New post 04 Aug 2012, 22:48
thevenus wrote:
Capricorn369 wrote:
thevenus wrote:
A) Each of the last two years produced record breaking pecan yields
the last year pecan will be disseminated slowly for sale and this year's fresh peacan wil be stored to stabilize the price as well.correct
B) The Quality of this year's pecan crop is no more worse than the quality of the pecan crops of the previous five years
quality is not into consideration
C) pecan prices have not been to sharp fluctuation in recent years
even then, the low yield will make the growers to hold it back.
D) For some pecan growers , this year's crop was no smaller than last year's.
then they will definitely hold the crops in order to sudden drop of price.
E) the practice of olding back part one year's crop had not yet become widespread the last time the pecan crop was as small as it was this year.
this condition is not mentioned


@thevenus - your explanation for answer A doesn't make much sense because pecan should be sold when the pecans crop are comparatively scarce to obtain higher prices. I'm not sure why pecan growers will not sell all the pecans (including this year's pecons) when prices are high despite of saving it for next year? Also, Passage doesn't suggests anything about stabilizing the pecan's price.

Can you explain? Thx.



Premise excerpt ;
"...... in high yield years, growers often hold back part of their crop in refrigerated warehouses for one or two years, hoping for higher prices in future"

This year's pecan crop was the smallest in five years. It is nonetheless quite possible that a portion of this year's crop will be held back,since ...?

If each of the last two years produced record breaking pecan yields then,this year with low production growers will first sell the grains already flooded in cold storage and hold the fresh grains in cold storage.

(A) wins.


Just a thought
The Quality of this year's pecan crop is no more worse than the quality of the pecan crops of the previous five years

- If A is correct then B also can come into picture.
There can be an assumption , Since the Quality is almost similar
The Quality of refrigerated yield gets deteriorated ,hence The newer yield gets stored

There is no reason in A to sell refrigerated yield

Correct me , if i am wrong
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Re: Pecan Growers [#permalink] New post 04 Aug 2012, 23:10
Probably yes
Negating A will effect the very thought of storage of New yield.
LEN will help here

Thanks a lot
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Re: Pecan Growers [#permalink] New post 05 Aug 2012, 01:13
Expert's post
A) each of the last two years produced record breaking pecan yields --- This must be the cause of holding on

B) The Quality of this year's pecan crop is no more worse than the quality of the pecan crops of the previous five years ---let us forget quality, it has nothing to doe scarcity and abundance

C) pecan prices have not been to sharp fluctuation in recent years --- If this did not happen, the stimulus itself is wrong. The fluctuations must have been there.
.
D) For some pecan growers, this year's crop was no smaller than last year's. --- A small group cannot make a dent.

E) the practice of holding back part one year's crop had not yet become widespread the last time the pecan crop was as small as it was this year. The criterion is the product abundance; for some reason, if the price rules high, why will any grower hold the product. A habit is not the criterion for holding
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Re: Pecan Growers [#permalink] New post 06 Aug 2012, 01:48
Given:
More Yield -> Less Demand -> Prices fall
Less Yield -> More Demand -> Prices rise

In years of high yield, growers store part of their crop in the hope to sell at higher prices later.

A) Each of the last two years produced record breaking pecan yields - Since the previous two years yield was good, part of the yield would already have been stored. Present yield though smallest in five years cumulatively become a huge amount. Hence a portion of years yield would be stored - Correct
B) The Quality of this year's pecan crop is no more worse than the quality of the pecan crops of the previous five years - Quality of crop is out of scope - Incorrect
C) pecan prices have not been to sharp fluctuation in recent years - Fluctuation of price is directly dependent on the yield - Proves no point - Incorrect
D) For some pecan growers , this year's crop was no smaller than last year's. - We are talking about pecan growers in general, not some pecan growers. - Incorrect
E) the practice of holding back part one year's crop had not yet become widespread the last time the pecan crop was as small as it was this year. - Irrelevant information - Incorrect
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Re: Pecan Growers [#permalink] New post 20 Oct 2012, 06:59
ChrisLele wrote:
I received a PM on this one. I'll do my best to dispel any confusion :).

The way I see it there is a paradox going on here. Compared to high yield seasons, in which farmers store pecans to keep the price down, low yield seasons would not lead to storage. Thus, we need an answer that resolves this paradox. First off, notice the wording, "was the smallest in five years." That is not the same as a low yield year if the preceding harvests were high yield. This year simply wasn't as high.

The correct answer, answer (A), describes exactly such a scenario: record breaking yields in the previous two years. Therefore, this year can also be a high yield season and farmers are doing as they usually would, i.e., holding back part of their crop.


Why is D wrong. Even if some farmer, say 1 farmer holds backs some crop it is still a portion, howsoever small.
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Re: Which of the following logically completes the passage? [#permalink] New post 10 Jul 2013, 04:01
I am not convinced with A
because it is stated in the argument when the produce is abundant then the crops are held back , Ans choice A says that there were abundant production in the last wo years this implies that the pecans must have been hoarded and now this year when the produce is smallest prices will rise automatically and the produce which was held back would be sold along with this years produce...
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Re: Which of the following logically completes the passage? [#permalink] New post 10 Jul 2013, 07:57
Hi ruchikaarya41

Key in CR is LOGIC. So think if you were a producer what would you logically do?

Because so much is 'hoarded' in the warehouses from last years, that crop will enter the market driving the price down.

So as a producer, you may wait until next year to sell this years crop, as the price this year will still be quite low.

Clear?

James
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Re: Which of the following logically completes the passage? [#permalink] New post 20 Sep 2014, 12:07
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Re: Which of the following logically completes the passage?   [#permalink] 20 Sep 2014, 12:07
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