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Unlike the wholesale price of raw wool, the wholesale price [#permalink]
24 Jan 2006, 19:33
100% (02:14) correct
0% (00:00) wrong based on 17 sessions
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Unlike the wholesale price of raw wool, the wholesale price of raw cotton has fallen considerably in the last year. Thus, although the retail price of cotton clothing at retail clothing stores has not yet fallen, it will inevitably fall.
Which of the following, if true, most seriously weakens the argument above?
(A) The cost of processing raw cotton for cloth has increased during the last year.
(B) The wholesale price of raw wool is typically higher than that of the same volume of raw cotton.
(C) The operating costs of the average retail clothing 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 raw cotton has increased in the last year.
If processing costs are higher then despite the fall in price of the raw cotton the retail price may not fall.
"To dream anything that you want to dream, that is the beauty of the human mind. To do anything that you want to do, that is the strength of the human will. To trust yourself, to test your limits, that is the courage to succeed."
Ans A . The increase in cost of processing raw cotton will nullify the decrease in the cost of whole sale price of raw cotton hence it weakens the weakens the argument that the price for retail will fall .