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12 Nov 2019, 01:02
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Difficulty:
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Question Stats:
65% (01:48) correct
35%
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Unlike the wholesale price of uncut diamonds, the wholesale price of other uncut gemstones has fallen considerably in the last year. Thus, although the retail price of jewelry made with gemstones other than diamonds 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 uncut gemstones has increased during the last year.
B. The wholesale price of uncut diamonds is typically higher than that of the same volume of other uncut gemstones.
C. The operating costs of the average retail jewelry store have remained constant during the last year.
D. The cost of mining gemstones other than diamonds has increased in the last year.
E. Changes in retail prices always lag behind changes in wholesale prices.
I think (A).
Any factor of production impacts the process in which wholesale uncut gemstones are converted into gemstones as finished goods ready for retail could either strengthen or weaken the given statement.
A. The cost of processing uncut gemstones has increased during the last year.
=> Correct. The increasing cost of processing will drive up the retail price
B. The wholesale price of uncut diamonds is typically higher than that of the same volume of other uncut gemstones.
=> Any price of uncut diamonds is irrelevant here. We only care about price of gemstones.
C. The operating costs of the average retail jewelry store have remained constant during the last year.
=> Though the operation costs of store can be a factor contributing to retail price of gemstones, there is no specific correlation stated here.
Even it is the case, the operation costs have remained constant -> no impact on final retail price of gemstones
D. The cost of mining gemstones other than diamonds has increased in the last year.
=> Mining cost has already been counted in the wholesale price. We only care about impacts on price from wholesale to retail
E. Changes in retail prices always lag behind changes in wholesale prices.
=> Retail prices might be slow to follow up with wholesale prices but whether retail prices increase or decrease is not clear.
Any factor of production impacts the process in which wholesale uncut gemstones are converted into gemstones as finished goods ready for retail could either strengthen or weaken the given statement.
A. The cost of processing uncut gemstones has increased during the last year.
=> Correct. The increasing cost of processing will drive up the retail price
B. The wholesale price of uncut diamonds is typically higher than that of the same volume of other uncut gemstones.
=> Any price of uncut diamonds is irrelevant here. We only care about price of gemstones.
C. The operating costs of the average retail jewelry store have remained constant during the last year.
=> Though the operation costs of store can be a factor contributing to retail price of gemstones, there is no specific correlation stated here.
Even it is the case, the operation costs have remained constant -> no impact on final retail price of gemstones
D. The cost of mining gemstones other than diamonds has increased in the last year.
=> Mining cost has already been counted in the wholesale price. We only care about impacts on price from wholesale to retail
E. Changes in retail prices always lag behind changes in wholesale prices.
=> Retail prices might be slow to follow up with wholesale prices but whether retail prices increase or decrease is not clear.
Archit3110
12 Nov 2019, 02:02
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conclusion;
Thus, although the retail price of jewelry made with gemstones other than diamonds has not yet fallen, it will inevitably fall.
IMO A: weakens the argument
The cost of processing uncut gemstones has increased during the last year.
Unlike the wholesale price of uncut diamonds, the wholesale price of other uncut gemstones has fallen considerably in the last year. Thus, although the retail price of jewelry made with gemstones other than diamonds 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 uncut gemstones has increased during the last year.
B. The wholesale price of uncut diamonds is typically higher than that of the same volume of other uncut gemstones.
C. The operating costs of the average retail jewelry store have remained constant during the last year.
D. The cost of mining gemstones other than diamonds has increased in the last year.
E. Changes in retail prices always lag behind changes in wholesale prices.
Thus, although the retail price of jewelry made with gemstones other than diamonds has not yet fallen, it will inevitably fall.
IMO A: weakens the argument
The cost of processing uncut gemstones has increased during the last year.
Unlike the wholesale price of uncut diamonds, the wholesale price of other uncut gemstones has fallen considerably in the last year. Thus, although the retail price of jewelry made with gemstones other than diamonds 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 uncut gemstones has increased during the last year.
B. The wholesale price of uncut diamonds is typically higher than that of the same volume of other uncut gemstones.
C. The operating costs of the average retail jewelry store have remained constant during the last year.
D. The cost of mining gemstones other than diamonds has increased in the last year.
E. Changes in retail prices always lag behind changes in wholesale prices.
