PT102.S4.Q7

PrepTest 102 - Section 4 - Question 7

Show summary

Conclusion Consumers will be hurt by the new lower ceilings on halibut catches. █████ ███ ███ ██ ██████ ███ ██████ █████ ████████████ ███ ██████ ██ ██████ ██ ██ ████████ ██ ███ █████ ██ ███ █████

Summary

The author concludes that consumers will be hurt by the new lower ceilings (maximums) on halibut catches.

This is supported by an intermediate conclusion: the new ceilings are likely to increase the price of halibut.

The intermediate conclusion is supported by the law of supply and demand.

(According to the law of supply and demand, if supply goes down, but demand stays the same, price will go up.)

Notable Assumptions

The author assumes that the demand for halibut won’t go down following the new lower ceilings on halibut catches. (This overlooks the possibility, for example, that people replace halibut with other fish and no longer demand as much halibut.)

The author assumes that higher-priced halibut constitutes a harm to consumers.

The author assumes that the new lower ceilings are low enough to have an impact on halibut supply.

Show answer
7.

Which one of the following, ██ ████████ █████ ██ ████ ██ ███████ ███ █████ ████ ███ █████ ██ ███████ ████ █████████

a

The demand for ███████ ████ ███ ████████ █████████████ █████ ███ ███ ████████████ ███ ████████

b

There is a ██████████ ███████ ███ ██████ ██ ███████ ███ ███ ██████ ███ ███

c

The lost production ██ ███████ ████ ███ ██ ████████ ██ █████████ ██████████ ██ █████ █████

d

The demand for █████ ████ ████ ██ ████████ ██ ███ ███ █████████████

e

The amount of ███████ ████████ ██████████ █ ████ █████ ██████████ ██ ███ ████ █████████

Confirm action

Are you sure?