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Any realtor currently looking for a location in which to

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Any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices. When prices fall, some people connected to the oil industry will leave to invest in other markets. Office vacancies will increase and shops that served members of the oil industry may have to close their doors before their leases have expired. Currently, the oil industry is quite volatile.

Which of the following, if true, would most weaken the argument above?

A. Oil prices are currently less volatile than other factors that affect realtors.

B. Most cities whose economy is dependent on oil currently have a thriving real estate market.

C. Falling oil prices usually have some adverse affect on realtors in locations that don't have commercial space that is directly connected to the oil industry.

D. Realtors located in towns whose economy is oil-dependent are often among the first to recognize that the local economy has been adversely affected.

E. Some realtors benefit from being located in an area that has sudden drops in real estate value.

Originally posted by TGC on 20 Jan 2013, 02:43.
Last edited by broall on 15 Jun 2017, 04:33, edited 1 time in total.
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Re: Any realtor currently looking for a location in which to  [#permalink]

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New post 23 Feb 2013, 00:25
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gmatprep1982 wrote:
Any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices. When prices fall, some people connected to the oil industry will leave to invest in other markets. Office vacancies will increase and shops that served members of the oil industry may have to close their doors before their leases have expired. Currently, the oil industry is quite volatile.

Which of the following, if true, would most weaken the argument above?

a. Oil prices are currently less volatile than other factors that affect realtors.
b. Most cities whose economy is dependent on oil currently have a thriving real estate market.
c. Falling oil prices usually have some adverse affect on realtors in locations that don't have commercial space that is directly connected to the oil industry.
d. Realtors located in towns whose economy is oil-dependent are often among the first to recognize that the local economy has been adversely affected.
e. Some realtors benefit from being located in an area that has sudden drops in real estate value.

How can e. be the answer? How can one assume that when some people connected to the oil industry leave due to falling oil prices, the real estate value will have a sudden drop? It can be that the real estate value increases or it doesn't drop "suddenly". It seems a jump in logic to conclude that there will be sudden drops in real estate value.

I know that in a weaken arguments, you assume that the answer choices are true. So I assume that it is true that " Some realtors benefit from being located in an area that has sudden drops in real estate value." But how can I assume that it is true that a fall in oil prices will lead to a sudden drop in real estate value?

Also why can't a. be the answer? a. shows an alternate path that the realtor need not worry about oil prices since the other factors he has to worry about are more volatile making the oil factor irrelevant or unimportant.
Please help.


Hi gmatprep1982,

Let us first analyze the argument.

Conclusion: For any Realtor it is wise to start an agency at the location whose economy is not dependent on oil prices.
Premises:
When prices fall, some people connected to the oil industry will leave to invest in other markets.
Office spaces and shops serving oil industry members will close.
Oil industry is currently volatile.
Assumption: No Realtor can take advantage or benefit from the falling oil prices.


As you have doubt between (A) and (E), I'll discuss these choices.

A. Oil prices are currently less volatile than other factors that affect realtors.

(A) Says that oil prices are less volatile and yes the realtor may have to worry about other factors as well, but (A) will not weaken the conclusion, which states that investing in oil dependent economy is not wise. So, it is still wise not to invest in an economy that is dependent on oil prices (the dependency may be less or more.) Thus, our argument is not weakened by this answer choice.

E. Some realtors benefit from being located in an area that has sudden drops in real estate value.

Notice the word in the conclusion “any”; the conclusion says “any realtor” will not benefit from an economy. But, if “some” realtors can benefit from the drop in real estate market (which could be because of volatile oil prices), then the conclusion will be weakened. If (E) is true then the argument cannot say that for “any” realtor it will not be a wise decision to invest in an oil dependent economy; for “some” it will be wise.

Hope it helps,

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New post Updated on: 27 May 2018, 11:19
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Any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices. When prices fall, some people connected to the oil industry will leave to invest in other markets. Office vacancies will increase and shops that served members of the oil industry may have to close their doors before their leases have expired. Currently, the oil industry is quite volatile.

Which of the following, if true, would most weaken the argument above?

a. Oil prices are currently less volatile than other factors that affect realtors.
b. Most cities whose economy is dependent on oil currently have a thriving real estate market.
c. Falling oil prices usually have some adverse affect on realtors in locations that don't have commercial space that is directly connected to the oil industry.
d. Realtors located in towns whose economy is oil-dependent are often among the first to recognize that the local economy has been adversely affected.
e. Some realtors benefit from being located in an area that has sudden drops in real estate value.

How can e. be the answer? How can one assume that when some people connected to the oil industry leave due to falling oil prices, the real estate value will have a sudden drop? It can be that the real estate value increases or it doesn't drop "suddenly". It seems a jump in logic to conclude that there will be sudden drops in real estate value.

I know that in a weaken arguments, you assume that the answer choices are true. So I assume that it is true that " Some realtors benefit from being located in an area that has sudden drops in real estate value." But how can I assume that it is true that a fall in oil prices will lead to a sudden drop in real estate value?

Also why can't a. be the answer? a. shows an alternate path that the realtor need not worry about oil prices since the other factors he has to worry about are more volatile making the oil factor irrelevant or unimportant.

Please help.

Originally posted by gmatprep1982 on 22 Feb 2013, 21:33.
Last edited by Bunuel on 27 May 2018, 11:19, edited 2 times in total.
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Re: Any realtor currently looking for a location in which to  [#permalink]

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New post 23 Feb 2013, 01:12
targetgmatchotu wrote:
Any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices. When prices fall, some people connected to the oil industry will leave to invest in other markets. Office vacancies will increase and shops that served members of the oil industry may have to close their doors before their leases have expired. Currently, the oil industry is quite volatile.

Which of the following, if true, would most weaken the argument above?

Oil prices are currently less volatile than other factors that affect realtors.
Most cities whose economy is dependent on oil currently have a thriving real estate market.
Falling oil prices usually have some adverse affect on realtors in locations that don't have commercial space that is directly connected to the oil industry.
Realtors located in towns whose economy is oil-dependent are often among the first to recognize that the local economy has been adversely affected.
Some realtors benefit from being located in an area that has sudden drops in real estate value.
Source:Veri Prep


Hi targetgmatchotu,

I see that there is no response to this question since last three days.

If you have a doubt in this question, then you can refer the post below.

any-realtor-currently-looking-for-a-location-in-which-to-sta-147704.html

Vercules
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New post 11 Apr 2013, 22:34
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Why not B?

b. Most cities whose economy is dependent on oil currently have a thriving real estate market.

If the cities have a thriving real estate market and are also oil dependent, it might be better for realtors to start their business in such places..??
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New post 11 Apr 2013, 23:50
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btg9788 wrote:
Why not B?

b. Most cities whose economy is dependent on oil currently have a thriving real estate market.

If the cities have a thriving real estate market and are also oil dependent, it might be better for realtors to start their business in such places..??


Hi btg9788
I'm very happy to help.

To weaken the conclusion you must show the fallacy in its logic.

What is conclusion here? "You should avoid locations where the economy is dependent on oil prices".
The premises used to support the conclusion are:
Oil prices drop >>> People connected to Oil industry will leave >>> shops will be closed, offices will be vacated. >>> Your real estates business fails.

Okay, what does it mean: OIL PRICES DROP, YOUR REAL ESTATE BUSINESS WILL FAILS; on the other hand OIL PRICES GO UP, YOUR REAL ESTATES WILL THRIVES.

Now ask yourself: B says most cities dependent on oil currently have thriving real estate market. So, what makes the market thrive? Oil prices go up? Correct. It means real estate market DEPENDS ON OIL. So, what if oil prices go down? The market still thrives? No, The market will go down either. >>> The conclusion is correct. >>> Actually, B strengthen the conclusion, not weaken.

Hope it helps.
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New post 13 Apr 2013, 07:28
Thanks!
That makes sense totally..
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New post 18 May 2014, 16:29
Vercules wrote:
targetgmatchotu wrote:
Any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices. When prices fall, some people connected to the oil industry will leave to invest in other markets. Office vacancies will increase and shops that served members of the oil industry may have to close their doors before their leases have expired. Currently, the oil industry is quite volatile.

Which of the following, if true, would most weaken the argument above?

Oil prices are currently less volatile than other factors that affect realtors.
Most cities whose economy is dependent on oil currently have a thriving real estate market.
Falling oil prices usually have some adverse affect on realtors in locations that don't have commercial space that is directly connected to the oil industry.
Realtors located in towns whose economy is oil-dependent are often among the first to recognize that the local economy has been adversely affected.
Some realtors benefit from being located in an area that has sudden drops in real estate value.
Source:Veri Prep


Hi targetgmatchotu,

I see that there is no response to this question since last three days.

If you have a doubt in this question, then you can refer the post below.

any-realtor-currently-looking-for-a-location-in-which-to-sta-147704.html

Vercules


Hi Vercules,
In this q, you have perfectly explained how 'some' realtors can benefit from a drop in retail prices. But, the major doubt still is that how will a drop in oil prices lead to a drop in retail prices?
How can we assume this? How are they even related? Isn't this a far too fetched assumption?
Also, in option (a), if we say there are other factors than oil prices that realtors look for before deciding the real estate, then for an instance without assuming anything, we find an alternate route, an alternate cause.
The argument states that 'Any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices.' But if he has other factors also to look in for, then may be its not wise necessarily to chose location just on the basis of oil prices there.
Please if you could elaborate on this point.
Thanks in advance.
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New post 18 Aug 2014, 15:35
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bb61 wrote:
Dear pqhai,
I found your explanations quite helpful,
would you plz help me to understand why C is incorrect??


Hello bb61

I'm glad to help. Let's see why C is incorrect.

Option C: Falling oil prices usually have some adverse affect on realtors in locations that don't have commercial space that is directly connected to the oil industry.

I bet you follow the logic:
Oil prices decrease --> home value increase because of the adverse effect --> realtors benefit --> Conclusion is weaken --> thus C is correct answer.

But please read (C), option (C) only says "adverse effect", it doesn't say oil prices will decrease. It means oil prices may INCREASE --> because of the adverse effect, home value will.......DECREASE. Ah ha, now realtors still benefit? Nope. Actually, realtors will be affected negatively. ==> Clearly, realtor should avoid should avoid locations where the economy is dependent on oil prices

==> So, (C) does not weaken the conclusion at all. C is just a SHELL GAME.

Bonus: There are 3 scenarios of incorrect answers.
- Opposite answer. We don't have to discuss in details, it's clear like sun vs. moon.
- Out of scope. Short of difficult because it's quite vague. To eliminate this kind trap, focus on the stimulus, do not infer TOO FAR.
- Shell Game. It's absolutely difficult. You have to practice a lot to recognize the pattern and have a sense to eliminate shell-game answers.

Hope it helps.
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New post 23 Jun 2017, 09:03
arvind910619 wrote:
Any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices. When prices fall, some people connected to the oil industry will leave to invest in other markets. Office vacancies will increase and shops that served members of the oil industry may have to close their doors before their leases have expired. Currently, the oil industry is quite volatile.

Which of the following, if true, would most weaken the argument above?

A Oil prices are currently less volatile than other factors that affect realtors.
B Most cities whose economy is dependent on oil currently have a thriving real estate market.
C Falling oil prices usually have some adverse affect on realtors in locations that don't have commercial space that is directly connected to the oil industry.
D Realtors located in towns whose economy is oil-dependent are often among the first to recognize that the local economy has been adversely affected.
E Some realtors benefit from being located in an area that has sudden drops in real estate value.


Fell for trap answer D ...
E is good as compared to D...The Key is first word of the argument "ANY"......... 8-)
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New post 23 Jun 2017, 23:59
Why is it E and not C....C talks about if oil prices drop the economy adversely affect people not having commercial space, hence it should be good for people having commercial space

While E talks about a generic scenario.

Pls explain

Any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices. When prices fall, some people connected to the oil industry will leave to invest in other markets. Office vacancies will increase and shops that served members of the oil industry may have to close their doors before their leases have expired. Currently, the oil industry is quite volatile.

Which of the following, if true, would most weaken the argument above?

A Oil prices are currently less volatile than other factors that affect realtors.
B Most cities whose economy is dependent on oil currently have a thriving real estate market.
C Falling oil prices usually have some adverse affect on realtors in locations that don't have commercial space that is directly connected to the oil industry.
D Realtors located in towns whose economy is oil-dependent are often among the first to recognize that the local economy has been adversely affected.
E Some realtors benefit from being located in an area that has sudden drops in real estate value.
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New post 25 Jun 2017, 09:55
ChiranjeevSingh

Why is the option B incorrect?

If Oil price goes up, Market goes down and vice versa so ANY realtor should avoid such market depended on oil prices .
Option B says that despite dependency of economy on oil, Real Estate is booming. Is this not weakening the relationship ?
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New post 20 Mar 2018, 09:39
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TGC wrote:
Any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices. When prices fall, some people connected to the oil industry will leave to invest in other markets. Office vacancies will increase and shops that served members of the oil industry may have to close their doors before their leases have expired. Currently, the oil industry is quite volatile.

Which of the following, if true, would most weaken the argument above?

A. Oil prices are currently less volatile than other factors that affect realtors.

B. Most cities whose economy is dependent on oil currently have a thriving real estate market.

C. Falling oil prices usually have some adverse affect on realtors in locations that don't have commercial space that is directly connected to the oil industry.

D. Realtors located in towns whose economy is oil-dependent are often among the first to recognize that the local economy has been adversely affected.

E. Some realtors benefit from being located in an area that has sudden drops in real estate value.

Hii Can somebody post the official solution by veritasprep?
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New post 27 May 2018, 11:21
TGC wrote:
Any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices. When prices fall, some people connected to the oil industry will leave to invest in other markets. Office vacancies will increase and shops that served members of the oil industry may have to close their doors before their leases have expired. Currently, the oil industry is quite volatile.

Which of the following, if true, would most weaken the argument above?

A. Oil prices are currently less volatile than other factors that affect realtors.

B. Most cities whose economy is dependent on oil currently have a thriving real estate market.

C. Falling oil prices usually have some adverse affect on realtors in locations that don't have commercial space that is directly connected to the oil industry.

D. Realtors located in towns whose economy is oil-dependent are often among the first to recognize that the local economy has been adversely affected.

E. Some realtors benefit from being located in an area that has sudden drops in real estate value.


VERITAS PREP OFFICIAL SOLUTION:



Correct Answer: E

This argument concludes that any realtor currently looking for a location in which to start an agency would be wise to avoid locations where the economy is dependent on oil prices. While the evidence seems to paint an unpleasant picture for realtors, if some realtors can benefit from this scenario (how they benefit doesn't matter to us), then these realtors should consider locating in an oil-dependent location. The conclusion says that any realtor should avoid these locations. According to choice E, some realtors should NOT avoid these locations, thus weakening the argument. A is incorrect because other factors don't matter. The current situation is not important, since we're talking about a volatile market, one that can change suddenly, making B incorrect. Choice C is wrong since we only care about locations that are directly connected to oil. For answer D, whether realtors recognize the effect early or late is irrelevant.
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