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# Normally, increases in the price of a product decrease its

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Senior Manager
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Normally, increases in the price of a product decrease its [#permalink]

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28 Jul 2006, 18:06
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Normally, increases in the price of a product decrease its sales except when the price increase accompanies an improvement in the product. Wine is unusual, however. Often increases in the price of a particular producerâ€™s wine will result in increased sales, even when the wine itself is unchanged.

Which of the following, if true, does most to explain the anomaly described above?
(A) The retail wine market is characterized by an extremely wide range of competing products.
(B) Many consumers make decisions about which wines to purchase on the basis of reviews of wine published in books and periodicals.
(C) Consumers selecting wine in a store often use the price charged as their main guide to the wineâ€™s quality.
(D) Wine retailers and producers can generally increase the sales of a particular wine temporarily by introducing a price discount.
(E) Consumers who purchase wine regularly generally have strong opinions about which wines they prefer.
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28 Jul 2006, 18:24
C is my final answer... no leaning back and forth

(A) this doesn't explain the sales... OUT OF SCOPE
(B) May be true, but how do we know that the wines we're talking about were published in somewhere and someone read those OUT OF SCOPE
(C) WINNER... HIGER PRICE->HIGHER QUALITY-> Let's buy it!!!!! -> sales increase
(E) So... they can be opinioned all they want... what does it do to the sales? unclear... OUT OF SCOPE

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28 Jul 2006, 18:30
u2lover wrote:
C is my final answer... no leaning back and forth

(A) this doesn't explain the sales... OUT OF SCOPE
(B) May be true, but how do we know that the wines we're talking about were published in somewhere and someone read those OUT OF SCOPE
(C) WINNER... HIGER PRICE->HIGHER QUALITY-> Let's buy it!!!!! -> sales increase
(E) So... they can be opinioned all they want... what does it do to the sales? unclear... OUT OF SCOPE

Thanks for quick respond

How do I improve CR skills not to fall into nasty traps?
For me, it is hard to decide out of scope or not..
Sometimes, I use too many what if scenarios.........gosh..
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28 Jul 2006, 18:39
freetheking,

you MUST create a FRAME in your mind while you are reading the argument and STICK to it. It took me a while to figure this out, but once you nail it you will have more fun reading CRs and quickly ruling the answers out of scope. this comes with practice!!! and never use your own "real world" knowledge, imagine that you are a newborn or an alien who doesn't know what's right logic and what depends on what... IT WILL HELP!

and by Ruling out OUT OF SCOPE answers you will get down to usually 2 close choices and then you pick the closest and most parallel to the argument.

PS my problem now that using this method I carelessly might rule out the choice for OUT OF SCOPE and then about it, thinking how could I do this... but this is what happens when you are pressed for time

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28 Jul 2006, 18:43
u2lover wrote:
freetheking,
never use your own "real world" knowledge, imagine that you are a newborn or an alien who doesn't know what's right logic and what depends on what... IT WILL HELP!

Thanks u2lover.
I think my world must be too strong to adapt GMAT's logic. but will try!!!
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28 Jul 2006, 21:07
freetheking wrote:
How do I improve CR skills not to fall into nasty traps?
For me, it is hard to decide out of scope or not..
Sometimes, I use too many what if scenarios.........gosh..

U2lover is right.
Apart from that, have you tried the PR strategies?They are really good. Have you read LSAT strategies? They are also good.

You are good at math so I think your logic should be good. Only thing needed is strategy and practice.

I made some notes out of PR and LSAT. I am attaching those notes. I don't know how much useful these will be for you.

answer to this question is C for sure.
Attachments

Dahiya's CR-Notes.doc [29.5 KiB]

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28 Jul 2006, 21:32
OA is C..

Thanks ps_dahiya and u2lover!!!
You guys are my saviors!!
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29 Jul 2006, 08:48
Hi U2 and PS, Thank you both for your comments. Freetheking I am in a simiarl boat as you are - However when I read U2's response (C is my final answer no leaning back and forth) - I couldn't help but relate to him because this was incidentally just ONE of those CR questions where the answer comes quite easily - I also picked up C in about 1.5 mins.

But all that notwithstanding CR is my weak area as well. It took me a while to figure out the basics, and yet some of the tough questions can throw a googly when you least expect - much akin to how U2 eliminates apparently out of scope choices that are actually crafted to beguile the reader..

All the best..

Dahiya boss (i use the term 'boss') because I like your explanations a lot..Thanks for the notes. Will go thru them.

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29 Jul 2006, 09:04
dwivedys wrote:
However when I read U2's response (C is my final answer no leaning back and forth) - I couldn't help but relate to him because this was incidentally just ONE of those CR questions where the answer comes quite easily - I also picked up C in about 1.5 mins.

I must say that "no leaning back and forth" meant slightly different thing in my mind... just for the past couple of days, I would pick the answer and as people start answering, I would rethink what they're saing, and confuse myself further, changing the correct answer to the wrong one that's what I meant... and usually the first strike is correct 70% of the time... at least with me

dwivedys wrote:
much akin to how U2 eliminates apparently out of scope choices that are actually crafted to beguile the reader..

I don't think this is a BIG deal... because the likelihood of getting the answer correct for the most convoluted question is diminished... you might get it right, but it will take time and will mess up the overall timing... so for those, I don't even try to worry... just narrow down to 2, guess and move on.

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29 Jul 2006, 12:09
"C" fits best...

u2lover, Parmender... you guys are awesome

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31 Jul 2006, 01:43
Clear winner C.

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31 Jul 2006, 08:57
U2lover and dahiya,
I got your notes and explanations. Thanks for it.
I'm getting better more from this forum than from reading books.

Mostly medium to hard questions are appearing here and that's so good for learners like me.

U2lover: Your POE for CR is simply superb.
PS: Your explanations for SC'are really good. I'm learning more and more. Thanks. Got your attachment.

God would really bless you guys ...

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31 Jul 2006, 12:06
I agree with dahiya here completely....

Just 2 days ago i went through the 8 types of CR questions(with examples) given in the PR book...They are A.W.E.S.O.M.E...I would recommend that too...

It really changes the perspective of how you tend to look at the CR problems...and as u2lover mentioned...then you would be like "Bring 'em on...no problem"

I had just some problems in doing the Bold Facers...which thanks to u2lover....seem to be lessening by the day
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31 Jul 2006, 12:47
C is fairly straightforward in this case.

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Re: CR : price of wine [#permalink]

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12 Aug 2006, 16:56
freetheking wrote:
Normally, increases in the price of a product decrease its sales except when the price increase accompanies an improvement in the product. Wine is unusual, however. Often increases in the price of a particular producerâ€™s wine will result in increased sales, even when the wine itself is unchanged.

Which of the following, if true, does most to explain the anomaly described above?
(A) The retail wine market is characterized by an extremely wide range of competing products.
(B) Many consumers make decisions about which wines to purchase on the basis of reviews of wine published in books and periodicals.
(C) Consumers selecting wine in a store often use the price charged as their main guide to the wineâ€™s quality.
(D) Wine retailers and producers can generally increase the sales of a particular wine temporarily by introducing a price discount.
(E) Consumers who purchase wine regularly generally have strong opinions about which wines they prefer.

C fits the best since other choices E and D weakens or shall I say quote opposite taking the sales eventually down. A is using large scope so out of considderation and B is out of contention as author is not talking about any reviews. C reaffirms the decision of buying a product and since price is going high also so this option compliments the passage best.

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12 Aug 2006, 19:28
(C) it is.
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13 Aug 2006, 03:14
Clearly (C). Higher price is indicitive of higher quality for many unaware consumers.

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Re: Normally, increases in the price of a product decrease its [#permalink]

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Re: Normally, increases in the price of a product decrease its   [#permalink] 25 Jul 2016, 12:04
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