Civil Service Exam Reviewer · Logical Reasoning · hard
Statement: "Even after the price of rice went up, the amount of rice sold in the market stayed the same." Which of the following can be inferred?
- The demand for rice did not drop much when its price increased.
- Rice vendors earned less money.
- The price increase was very small.
- The government controls rice prices.
Answer
A. The demand for rice did not drop much when its price increased.
Solution
Sales did not fall despite the higher price, so buyers kept buying (demand is not very sensitive to price). Vendors likely earned more, not less, and the size of the increase is unknown.
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