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19 Aug 2018, 06:12
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
65%
(hard)
Question Stats:
48% (01:26) correct
52%
(01:27)
wrong
based on 541
sessions
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Unlike the wholesale price of apples, the wholesale price of oranges has fallen considerably in the last year. Thus, although the retail price of orange juice at retail juice stores has not yet fallen, it will inevitably fall.
The argument is based on which of the following assumptions?
(A) The cost of processing oranges for juice has increased during the last year.
(B) The wholesale price of apples is typically higher than that of the same volume of oranges.
(C) The operating costs of the average retail juice store have remained constant during the last year.
(D) Changes in retail prices always lag behind changes in wholesale prices.
(E) The cost of harvesting oranges has increased in the last year.
The argument is based on which of the following assumptions?
(A) The cost of processing oranges for juice has increased during the last year.
(B) The wholesale price of apples is typically higher than that of the same volume of oranges.
(C) The operating costs of the average retail juice store have remained constant during the last year.
(D) Changes in retail prices always lag behind changes in wholesale prices.
(E) The cost of harvesting oranges has increased in the last year.
19 Aug 2018, 08:36
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Hello
Why can't this question have option C as its answer? If operating costs had increased, then it would have made sense to keep the cost of juice same even with decreased wholesale price. So why is the assumption that the operating costs were indeed constant wrong?
Why can't this question have option C as its answer? If operating costs had increased, then it would have made sense to keep the cost of juice same even with decreased wholesale price. So why is the assumption that the operating costs were indeed constant wrong?
19 Aug 2018, 10:32
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PragyaPrakash
PragyaPrakash
if we take c as the assumption, on negation we get: The operating costs of the average retail juice store have NOT remained constant during the last year.
Does that weaken the argument? (if the operating costs have not remained constant, the price of orange juice would increase or it would decrease.)
No it has no effect on the argument, so we can rule out option C.
On the other hand, If the argument expects prices to fall and if we negate option D, we get: Changes in retail prices won't always lag behind changes in wholesale prices. This weakens the conclusion and thus is the correct option.
Kudo if it helped
