Last visit was: 22 Nov 2024, 13:14 It is currently 22 Nov 2024, 13:14

Close

GRE Prep 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

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GRE score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
SORT BY:
Date
Verbal Expert
Joined: 18 Apr 2015
Posts: 30003
Own Kudos [?]: 36350 [0]
Given Kudos: 25927
Send PM
Most Helpful Community Reply
User avatar
Intern
Intern
Joined: 21 Nov 2018
Posts: 24
Own Kudos [?]: 111 [5]
Given Kudos: 0
GRE 1: Q170 V170
Send PM
General Discussion
avatar
Intern
Intern
Joined: 06 Jul 2018
Posts: 32
Own Kudos [?]: 9 [0]
Given Kudos: 0
Send PM
avatar
Manager
Manager
Joined: 22 Jul 2018
Posts: 80
Own Kudos [?]: 105 [1]
Given Kudos: 0
Send PM
Re: Because of a rare type of fungus that killed off many cacao [#permalink]
1
I chose to mark B. Can anyone explain why it is C
avatar
Intern
Intern
Joined: 18 Sep 2018
Posts: 38
Own Kudos [?]: 18 [0]
Given Kudos: 0
Send PM
Re: Because of a rare type of fungus that killed off many cacao [#permalink]
Quote:
As a result, the retail price of chocolate is certain to increase within six months.


Because we are trying to evaluate the above argument. We're not evaluating whether or not consumers are willing to pay more for chocolate. That's how I saw it.
avatar
Manager
Manager
Joined: 27 Feb 2017
Posts: 188
Own Kudos [?]: 148 [0]
Given Kudos: 0
Send PM
Re: Because of a rare type of fungus that killed off many cacao [#permalink]
I thought it would be A, if the prices have remained steady in the past, it is possible it will remain steady now too.
User avatar
Intern
Intern
Joined: 21 Nov 2018
Posts: 24
Own Kudos [?]: 111 [0]
Given Kudos: 0
GRE 1: Q170 V170
Send PM
Re: Because of a rare type of fungus that killed off many cacao [#permalink]
1
kruttikaaggarwal wrote:
I thought it would be A, if the prices have remained steady in the past, it is possible it will remain steady now too.


What you say does seem to make sense. If in other poor harvests the price has not moved then why should it move this time?

But you must read this very carefully, which price does choice A say has remained steady? The price of the beans, right?

However, the point is that according to the stimulus the price of cacao beans has already increased. So it does not matter what we expect or what happened in the past. If Mexico beat Brazil in soccer yesterday then it does not matter that Brazil has always defeated Mexico in the past. The likelihood of Mexico winning is 100% since they have in fact won.

That is why I indicated that choices A and D are basically irrelevant. These factors speak to the likelihood of a increase in the price of the cacao - but since that increase has, in fact, occurred then the likelihood is now 100%!

Does that help?
avatar
Intern
Intern
Joined: 04 Dec 2018
Posts: 30
Own Kudos [?]: 20 [0]
Given Kudos: 0
Send PM
Re: Because of a rare type of fungus that killed off many cacao [#permalink]
Final Price is most often affected by the costs associated with producing a goods. In the case of chocolate, besides the price of the cacao, which is the main ingredient, we should alto take into consideration sugar, butter, milk,... supplies too. Hence, C seems most reasonable to me.
User avatar
SVP
SVP
Joined: 07 Jan 2021
Posts: 1724
Own Kudos [?]: 53 [0]
Given Kudos: 0
Send PM
Re: Because of a rare type of fungus that killed off many cacao [#permalink]
Hello from the GRE Prep Club VerbalBot!

Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
Prep Club for GRE Bot
Re: Because of a rare type of fungus that killed off many cacao [#permalink]
Moderators:
GRE Forum Moderator
37 posts
GRE Instructor
234 posts
GRE Instructor
1065 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne