Critical Reasoning (CR) | ­Economist: Although prices of most precious metals have greatly

­Economist: Although prices of most precious metals have greatly increased in nominal terms (i.e., before adjustment for inflation) over the past century, the inflation-adjusted prices have actually been falling. Since the price of a commodity generally decreases when supply grows relative to demand, and since demand for precious metals has been growing, the supply of these metals on the market must be currently growing.

Which of the following, if true, would most weaken the economist's argument?

A. Mining precious metals to put them on the market continuously lowers reserves in the earth.
B. Over the past century, the prices of some metals have risen dramatically after adjustment for inflation.
C. The prices of commodities, including precious metals, predictably increase when demand grows relative to supply.
D. Over the past decade, the prices of most precious metals have risen after adjustment for inflation.
E. Over the past century, inflation has made the prices
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Statistics : Posted by b_sudharsan • on 21 Feb 2024, 03:17 • Replies 4 • Views 3172

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