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100 points for $49 worth of Veritas practice GMATs FREE VERITAS PRACTICE GMAT EXAMS Earn 10 Points Per Post Earn 10 Points Per Thanks Earn 10 Points Per Upvote ## Bold face CR ##### This topic has 1 expert reply and 0 member replies ## Bold face CR Microeconomist: Usually, the relationship between the price of a good and the demand for that product is negative: when the price goes up, the quantity demanded goes down, and vice versa. However, a dramatic increase in the price of basic foods, such as bread or milk, is likely to increase rather then decrease their consumption among the low-income households. Since the consumption of these products is relatively stable, an increase in their price will simply lower the proportion of the householdâ€™s budget spent on other, more expensive food items, such as meat or fish. In an effort to maintain the same calorie intake, the household will consume even more of the basic foods that typically remain a cheaper way to satisfy hunger even after an increase in their prices. In the argument above, which of the following statements best describes the role played by each portion in boldface? A) The first is evidence that the microeconomist provides in support of a certain prediction; the second is that prediction. B) The first is a generalization that the microeconomist accepts as true; the second is a consequence that follows from that generalization. C) The first is a pattern of cause and effect that the microeconomist predicts will not hold in the case at issue; the second offers a consideration in support of that prediction. D) The first acknowledges a consideration against the main conclusion of the microeconomist; the second is that conclusion. E) The first is a pattern of cause and effect that the microeconomist predicts will be repeated in the case at issue; the second acknowledges a circumstance in which that pattern would not hold. OA is c. why is option C and E wrong/ ### GMAT/MBA Expert Legendary Member Joined 14 Jan 2015 Posted: 2667 messages Followed by: 122 members Upvotes: 1153 GMAT Score: 770 Roland2rule wrote: Microeconomist: Usually, the relationship between the price of a good and the demand for that product is negative: when the price goes up, the quantity demanded goes down, and vice versa. However, a dramatic increase in the price of basic foods, such as bread or milk, is likely to increase rather then decrease their consumption among the low-income households. Since the consumption of these products is relatively stable, an increase in their price will simply lower the proportion of the householdâ€™s budget spent on other, more expensive food items, such as meat or fish. In an effort to maintain the same calorie intake, the household will consume even more of the basic foods that typically remain a cheaper way to satisfy hunger even after an increase in their prices. In the argument above, which of the following statements best describes the role played by each portion in boldface? A) The first is evidence that the microeconomist provides in support of a certain prediction; the second is that prediction. B) The first is a generalization that the microeconomist accepts as true; the second is a consequence that follows from that generalization. C) The first is a pattern of cause and effect that the microeconomist predicts will not hold in the case at issue; the second offers a consideration in support of that prediction. D) The first acknowledges a consideration against the main conclusion of the microeconomist; the second is that conclusion. E) The first is a pattern of cause and effect that the microeconomist predicts will be repeated in the case at issue; the second acknowledges a circumstance in which that pattern would not hold. OA is c. why is option C and E wrong/ Can you repost this with the proper sections bolded? _________________ Veritas Prep | GMAT Instructor Veritas Prep Reviews Save$100 off any live Veritas Prep GMAT Course

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