Forum Home > GMAT > Quantitative > Problem Solving (PS)
Events & Promotions
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Jul 2710:00 AM PDT
-11:00 AM PDT
Are you struggling with the GMAT verbal section? Do tricky questions and lengthy passages overwhelm you? Don't worry—I've got you covered! In this video, I'll provide a detailed, actionable plan to help you significantly boost your verbal score.
Jul 2711:00 AM IST
-01:00 PM IST
Attend this session to learn how to Deconstruct arguments, Pre-Think Author’s Assumptions, and apply Negation Test.
Jul 2508:00 AM EDT
-11:59 PM EDT
More and more TTP students are earning impressive scores on the GMAT. Now is the perfect time to join the many GMAT students who made the switch to TTP and surpassed their wildest expectations on test day.- Jul 28
10:00 AM PDT
-11:00 AM PDT
We will learn how to guess an answer choice better on the GMAT. If you are running out of time and want to guess on a few questions, these effective techniques will help you in making a smart guess. - Jul 28
11:00 AM IST
-01:00 PM IST
Attend this free GMAT Algebra Webinar and learn how to master the most challenging Inequalities and Absolute Value problems with ease. - Jul 31
05:55 AM PDT
-12:30 PM PDT
MBA Application Walkthrough and Essay Review. You will have a chance to hear from experts covering the Top 15 MBA programs, covering details of the application and essays. 
Jul 3110:00 AM EDT
-11:59 PM PDT
Save 20% on Target Test Prep and Score in the 100th Percentile in GMAT Verbal! Our course uses techniques such as topical study and spaced repetition to maximize knowledge retention and make studying simple and fun.
The price of a precious metal is inversely proportional to
[#permalink]
01 Dec 2023, 10:47
01 Dec 2023, 10:47
1
Bookmarks
Show timer
00:00
A
B
C
D
E
Difficulty:
95%
(hard)
Question Stats:
27% (02:16) correct
73%
(02:32)
wrong
based on 115
sessions
The price of a precious metal, sold at cost by identical ( in all relevant aspects ) refineries that minimise average costs, is inversely proportional to its demand. Recently, a new way to process the ore was discovered, yielding higher quantities of the refined metal per kilogram of ore, at a higher cost per kilogram of ore processed. All refineries are capable of implementing this new process at a moment's notice. Ore processing costs are the only costs that refineries bear.
If the statements above are true, which one of the statements below cannot be true?
A) Demand for the metal stayed unchanged
B) The total revenue of the refineries increased
C) The price of the metal decreased
D) The total revenue of the refineries stayed unchanged
E) Demand for the metal increased
Posted from my mobile device
If the statements above are true, which one of the statements below cannot be true?
A) Demand for the metal stayed unchanged
B) The total revenue of the refineries increased
C) The price of the metal decreased
D) The total revenue of the refineries stayed unchanged
E) Demand for the metal increased
Posted from my mobile device
Re: The price of a precious metal is inversely proportional to
[#permalink]
17 Dec 2023, 08:19
17 Dec 2023, 08:19
1
Kudos
1
Bookmarks
why is option B correct. The metal produced per kg of ore increased. the ore processing also got more expensive. Since we dont know by what percentage both the factors increased, how can we say that the revenue couldnt have increased?
Re: The price of a precious metal is inversely proportional to
[#permalink]
21 Dec 2023, 00:56
21 Dec 2023, 00:56
1
Bookmarks
Kindly explain each choice in detail?
