This is fun, we're already seeing some disagreement on this one!
There are a bunch of moving parts on this question, but one of the major issues is the verb tense. "Since the end of the recession..." requires present perfect tense. Other than that, we have some fun stuff with pronouns ("that of") and some little meaning-based issues.
Quote:
A. recently extended recession, prices for all of the major commodities sold at the Chicago Mercantile Exchange, including niche agricultural goods such as orange juice and cheese, have been rising to five-year high levels.
The verb tense is OK here, but there are a couple of weird bits. "Recently extended recession" doesn't really make a whole ton of sense, considering that we know that the recession is already over. (Head-nod to
this official GMAT question with a similar phrase in it.) "Five-year high levels" isn't necessarily wrong, but it's definitely not ideal: "five-year highs" is much clearer.
If you're not totally certain about these two issues, you could be conservative and hang onto (A) for now, but we'll see that there's a better choice below.
Quote:
B. recently extended recession, prices for each of the major commodities sold at the Chicago Mercantile Exchange, including niche agricultural goods such as orange juice and cheese, rose to five-year highs.
The "recently extended recession" issue is the same as in (A). And more importantly, the verb tense is definitely wrong: "Since the end of the recession... prices rose" doesn't work, since we need present perfect tense here ("have risen") to indicate that the action continues into the present. Eliminate (B).
Notice also that there's no reason to care about the difference between "each" and "all", since those words are not subjects, and therefore do not affect the form of the verb.
Quote:
C. recent, extended recession, prices for all of the major commodities sold at the Chicago Mercantile Exchange, including that of such niche agricultural goods as orange juice and cheese, have risen to five-year high levels.
I'm still not crazy about "five-year high levels", but the bigger issue here is the pronoun phrase "that of." "That" is a singular pronoun here, but it's clearly trying to refer back to the plural noun "prices." Eliminate (C).
Quote:
D. recent, extended recession, prices for each of the major commodities sold at the Chicago Mercantile Exchange, including niche agricultural goods such as orange juice and cheese, rose to five-year highs.
(D) has the same verb error as we saw in (B). So we can ditch (D) as well.
Quote:
E. recent, extended recession, prices for each of the major commodities sold at the Chicago Mercantile Exchange, including such niche agricultural goods as orange juice and cheese, have risen to five-year highs.
This looks good! The verb, pronoun, and meaning errors are all fixed in (E), so this one is the correct answer.
Can you please explain why "recent" and "extended' are separated by a comma and not by an "and"?