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Re: In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for [#permalink]
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In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for $8,000. Eleanor Bixby owns another Danish ten-øre coin minted in 1747. When she puts it on the market next week, it will fetch a price over $18,000.

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

(A) Since 1980, the average price for rare coins has increased by over 150 percent.
Wrong. This is strengthening the argument.

(B) There are only four coins like the one in question in the entire world.
Wrong. Strengthening the argument again.

(C) Since 1980, the consumer price index has risen by over 150 percent.
Right. Came to through POE.

(D) In 1986, a previously unknown cache of one hundred coins just like the one in question was found.
Wrong. Selected this one but its actually wrong. If you see it's written 1986. The price should drop after 1986 but but why will it drop now.

(E) Thirty prominent, wealthy coin collectors are expected to bid for Bixby’s coin.
Wrong. Strengthening the argument.
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Re: In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for [#permalink]
Can anyone explain why option D is not a correct answer?
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Re: In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for [#permalink]
Although came to C by POE . I still cant figure out how CPI is linked to increase in prices ?? Further, the keyword Since 1980 means a post selling issue (a future event). Please shed some light .


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Re: In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for [#permalink]
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VeritasKarishma wrote:
Bunuel wrote:
In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for $8,000. Eleanor Bixby owns another Danish ten-øre coin minted in 1747. When she puts it on the market next week, it will fetch a price over $18,000.

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

(A) Since 1980, the average price for rare coins has increased by over 150 percent.
(B) There are only four coins like the one in question in the entire world.
(C) Since 1980, the consumer price index has risen by over 150 percent.
(D) In 1986, a previously unknown cache of one hundred coins just like the one in question was found.
(E) Thirty prominent, wealthy coin collectors are expected to bid for Bixby’s coin.


1980 - a coin was sold for 8k (past)
EB owns another such coin (present, 2020). It will fetch her 18k next week (one week from now).

We need to weaken that the coin will fetch 18k next week.

(A) Since 1980, the average price for rare coins has increased by over 150 percent.

Since 1980 to now, the price has increased by over 150%. So then it makes sense that the coin will cost 18k.

(B) There are only four coins like the one in question in the entire world.

Makes it likely that the coin will fetch a lot of money since there are only 4 such coins.

(C) Since 1980, the consumer price index has risen by over 150 percent.

Again, this means that the cost of things has increased by over 150%. So likely that the coin will fetch more than 18k.

(D) In 1986, a previously unknown cache of one hundred coins just like the one in question was found.

In 1986, many such coins were found. So it means now such coins are not rare. Then it is likely that it will not fetch a lot of money. Hence it weakens our conclusion.

(E) Thirty prominent, wealthy coin collectors are expected to bid for Bixby’s coin.

Irrelevant

Answer (D)



VeritasKarishma Could you help as the answer to the question is C and not D.
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Re: In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for [#permalink]
Veritas Karishma , Daagh- Can you please tell why C is the answer and not D?
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Re: In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for [#permalink]
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MBA20 wrote:
VeritasKarishma wrote:
Bunuel wrote:
In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for $8,000. Eleanor Bixby owns another Danish ten-øre coin minted in 1747. When she puts it on the market next week, it will fetch a price over $18,000.

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

(A) Since 1980, the average price for rare coins has increased by over 150 percent.
(B) There are only four coins like the one in question in the entire world.
(C) Since 1980, the consumer price index has risen by over 150 percent.
(D) In 1986, a previously unknown cache of one hundred coins just like the one in question was found.
(E) Thirty prominent, wealthy coin collectors are expected to bid for Bixby’s coin.


1980 - a coin was sold for 8k (past)
EB owns another such coin (present, 2020). It will fetch her 18k next week (one week from now).

We need to weaken that the coin will fetch 18k next week.

(A) Since 1980, the average price for rare coins has increased by over 150 percent.

Since 1980 to now, the price has increased by over 150%. So then it makes sense that the coin will cost 18k.

(B) There are only four coins like the one in question in the entire world.

Makes it likely that the coin will fetch a lot of money since there are only 4 such coins.

(C) Since 1980, the consumer price index has risen by over 150 percent.

Again, this means that the cost of things has increased by over 150%. So likely that the coin will fetch more than 18k.

(D) In 1986, a previously unknown cache of one hundred coins just like the one in question was found.

In 1986, many such coins were found. So it means now such coins are not rare. Then it is likely that it will not fetch a lot of money. Hence it weakens our conclusion.

(E) Thirty prominent, wealthy coin collectors are expected to bid for Bixby’s coin.

Irrelevant

Answer (D)



VeritasKarishma Could you help as the answer to the question is C and not D.


The answer is (D), not (C). It is incorrectly tagged as (C).
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Re: In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for [#permalink]
Please clarify? is the answer C or D
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Re: In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for [#permalink]
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Sazrina212 wrote:
Please clarify? is the answer C or D

_________________________________
The OA is D, not C. Edited. Thank you.
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Re: In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for [#permalink]
The conclusion is based on the assumption that Elinor's coin is rare.
If more 100 coins like it were found , it will not be rare and will not be sold at a high price.
So D

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Re: In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for [#permalink]
Option D...... as it directly weakens the conclusion.
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Re: In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for [#permalink]
nandeta wrote:
In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for $8,000. Eleanor Bixby owns another Danish ten-øre coin minted in 1747. When she puts it on the market next week, it will fetch a price over $18,000.

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

(A) Since 1980, the average price for rare coins has increased by over 150 percent.
Wrong. This is strengthening the argument.

(B) There are only four coins like the one in question in the entire world.
Wrong. Strengthening the argument again.

(C) Since 1980, the consumer price index has risen by over 150 percent.
Right. Came to through POE.

(D) In 1986, a previously unknown cache of one hundred coins just like the one in question was found.
Wrong. Selected this one but its actually wrong. If you see it's written 1986. The price should drop after 1986 but but why will it drop now.

(E) Thirty prominent, wealthy coin collectors are expected to bid for Bixby’s coin.
Wrong. Strengthening the argument.


(D) In 1986, a previously unknown cache of one hundred coins just like the one in question was found.
Wrong. Selected this one but its actually wrong. If you see it's written 1986. The price should drop after 1986 but but why will it drop now.

because the text is not saying that she is putting the coin on sale the next week on 1980, is saying that she will put the coin on sale the next week (from today) but if in 1986 there was a batch of the same coins, then her rare coin, loses the value.
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Re: In 1980, a Danish ten-øre coin minted in 1747 was sold at auction for [#permalink]
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