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27 Mar 2020, 03:00
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Difficulty:
45%
(medium)
Question Stats:
62% (01:32) correct
38%
(02:00)
wrong
based on 1230
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The increase in the price of jet fuel is due to a sharp decrease over the past year in the supply of jet fuel available relative to demand. Nonetheless, the amount of jet fuel available for sale is larger today than it was last year.
If the statements above are true, which one of the following conclusions can be properly drawn on the basis of them?
(A) The demand for jet fuel has increased over the past year.
(B) The fuel efficiency of jet engines has increased over the past year.
(C) The number of jet airline flights has decreased over the past year.
(D) The cost of refining petroleum for jet fuel has increased over the past year.
(E) The supply of petroleum available for jet fuel has decreased over the past year.
If the statements above are true, which one of the following conclusions can be properly drawn on the basis of them?
(A) The demand for jet fuel has increased over the past year.
(B) The fuel efficiency of jet engines has increased over the past year.
(C) The number of jet airline flights has decreased over the past year.
(D) The cost of refining petroleum for jet fuel has increased over the past year.
(E) The supply of petroleum available for jet fuel has decreased over the past year.
27 Mar 2020, 03:21
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From the above passage there are 3 things given -
1. Price of fuel has increased
2. Supply relative to demand is decreased.
3. Available amount of fuel is more.
If demand increases, then supply relative to demand would decrease even if the amount of fuel available is more. Hence the answer is A.
1. Price of fuel has increased
2. Supply relative to demand is decreased.
3. Available amount of fuel is more.
If demand increases, then supply relative to demand would decrease even if the amount of fuel available is more. Hence the answer is A.
General Discussion
02 Apr 2020, 11:25
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The increase in the price of jet fuel is due to a sharp decrease over the past year in the supply of jet fuel available relative to demand. Nonetheless, the amount of jet fuel available for sale is larger today than it was last year.
If the statements above are true, which one of the following conclusions can be properly drawn on the basis of them?
(A) The demand for jet fuel has increased over the past year. - CORRECT as it follows logically from the argument. The argument presents a correlation among the supply, demand and price of the jet fuel. If the supply has increased over last year and still the prices have gone up that concludes that demand has risen more than the increased supply.
(B) The fuel efficiency of jet engines has increased over the past year. - Opposite. If supply has increased and also the jet fuel efficiency then the demand should go down and so should the prices.
(C) The number of jet airline flights has decreased over the past year. - SAME as B. Same logic. Opposite to what logically follows from the argument.
(D) The cost of refining petroleum for jet fuel has increased over the past year. - Though the cost of refining petroleum has increased but we have no idea as to how it affects the prices. There's no correlation of that in the argument. Multiple possibilities could arise such as maybe the company wants to increase its profit margins etc.
(E) The supply of petroleum available for jet fuel has decreased over the past year. - Contradicts one of the statements of the argument. NOT COOL.
Feel free to share the critical analysis of the post.
If the statements above are true, which one of the following conclusions can be properly drawn on the basis of them?
(A) The demand for jet fuel has increased over the past year. - CORRECT as it follows logically from the argument. The argument presents a correlation among the supply, demand and price of the jet fuel. If the supply has increased over last year and still the prices have gone up that concludes that demand has risen more than the increased supply.
(B) The fuel efficiency of jet engines has increased over the past year. - Opposite. If supply has increased and also the jet fuel efficiency then the demand should go down and so should the prices.
(C) The number of jet airline flights has decreased over the past year. - SAME as B. Same logic. Opposite to what logically follows from the argument.
(D) The cost of refining petroleum for jet fuel has increased over the past year. - Though the cost of refining petroleum has increased but we have no idea as to how it affects the prices. There's no correlation of that in the argument. Multiple possibilities could arise such as maybe the company wants to increase its profit margins etc.
(E) The supply of petroleum available for jet fuel has decreased over the past year. - Contradicts one of the statements of the argument. NOT COOL.
Feel free to share the critical analysis of the post.
