Logical Reasoning - Statement and Conclusion - Discussion

In each question below is given a statement followed by two conclusions numbered I and II. You have to assume everything in the statement to be true, then consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement.

Give answer:

  • (A) If only conclusion I follows
  • (B) If only conclusion II follows
  • (C) If either I or II follows
  • (D) If neither I nor II follows and
  • (E) If both I and II follow.

25. 

Statements: Vegetable prices are soaring in the market.

Conclusions:

  1. Vegetables are becoming a rare commodity.
  2. People cannot eat vegetables.

[A]. Only conclusion I follows
[B]. Only conclusion II follows
[C]. Either I or II follows
[D]. Neither I nor II follows
[E]. Both I and II follow

Answer: Option D

Explanation:

The availability of vegetables is not mentioned in the given statement. So, I does not follow Also, II is not directly related to the statement and so it also does not follow.

Sagar said: (May 14, 2011)  
Since vegetables prices are rising it is logical that prices rise when the supply is less. Therefore vegetable has become a rare commodity follows. Please discuss.

Twinkle said: (Jun 17, 2011)  
Logically even though prices are soaring high have you ever seen vegetables not available in market.They are avialble :-)

Ramya said: (Jul 25, 2011)  
Thanks twinkle.

Ramesh said: (Aug 23, 2011)  
Since vegetables prices are rising it is logical that people cannot afford rising vegitable prices. Therefor people cannot eat vegitabe. Isn't it.

Ramesh said: (Aug 23, 2011)  
I am talking about conclusion II. vegitables are available but because of high price people wont eat or reduce vegitables. so only conclusion II follows beyond reasonable doubt.

Abhijit said: (Sep 20, 2011)  
Due to vegetable not available in market vegetables prices are rising. So people cannot effort it, so they can't vegetable so my ans is [E].

Jay said: (Oct 27, 2011)  
But no where it has been written about the availability of vegetables & why people can't eat vegetables. ?

Ujjwal said: (Jan 17, 2012)  
Actually I did give it a thought but it just hit me tht 'prices soaring' can b due to less production of veggies or maybe corruption. I have heard more than enuf cases on it. Whereas people can not eat also implies that they are suffering from some problem or some other thing of that sort. Diseases.

So D is correct!

Rameshwar said: (Feb 15, 2012)  
Vegetables are becoming a rare commodity----may be because of increase in population

People cannot eat vegetables.-----can't be said because some people can afford to eat highly priced vegetables where some people can't so
I and II are both are doubtful statements

Jellydonut said: (Jun 12, 2013)  
Economically speaking, a lack of quantity drives up price. In fact logically reasoning can you think of a single other way in which prices would soar?

Producers of goods experience this in the market today. If the lobster harvest in Maine is too much, the market price bottoms out and no one makes any money.

Similarly if there is a shortage of supply prices soar.

It is highly likely that most economics majors will get this question wrong because to them, me, it is illogical.

Sanjay said: (Aug 17, 2013)  
Obviously first follows, why to breakup which vegetables. As per statement to be considered true then doesn't matter which vegetables so because of less supply and demand it rare commodity. But still available in market and those who affording can eat then so II doesn't follow.

Avik said: (Jan 21, 2014)  
But the people having enough money can buy. So I think only 1st one follows.

Pinku said: (Mar 24, 2014)  
Vegetable prices are soaring all the time in Delhi. This not in anyway refer to the fact that people can't have them as the degree of price hike or the way its affecting society is not mentioned. Although as the price is hiking its becoming a rare commodity. So clearly option 1 only follows.

Sanjeev said: (Feb 11, 2015)  
But the people having money can buy it. I agree, so indeed. Conclusion 1 follows.

Ekta said: (Feb 28, 2015)  
Even I thought before that first one is implicit but they are saying conclusion and not assumption due to high prices the vegetables will become rare product not necessary.

Liong said: (Jul 18, 2015)  
Can someone explain briefly?

Gunasekaran said: (Aug 20, 2015)  
Definitely say only first assumption is correct. Because vegetables are rare commodity. When demand increases it is a rare commodity. When demand increases the price also increase. (vegetables are soaring in the market).

Ajit Bone said: (Dec 23, 2015)  
If vegetables are much quantity available in market then purchaser are in less numbers, automatically it's prices are become very low. The same vice verse, that implicit I is correct.

Daud said: (Dec 23, 2015)  
I think statement 1 follow because it says that vegetable price raising. I think vegetable price raising when it's stoke is very short or production very short in this reason I can say 1 is follow because if people can't eat vegetable as a result of it vegetable stoke getting huge henceforth price getting down. Why price getting up?

Kavi said: (Jan 1, 2016)  
In my opinion only conclusion I is correct. Rich people, vegetable vendors and farmers will eat them otherwise the available vegetable will be wasted.

Suresh said: (Oct 27, 2016)  
I think the first assumption is correct. The prices increase when there is less supply or when there is more demand - both of these indicate that the commodity is rare.

Marge Inovera said: (Jan 27, 2018)  
Economies are always affected by political (e.g Corruption, Ujjwal mentioned, non-capitalist poltical economies), socio-cultural (fads), and regional (high avg socioeconomic status in a locality) factors that could impact price. While this would be consistent with given correct answer, the question leaves something to be desired because this level of analysis is sophisticated and non-intuitive for anybody familiar with a law (supply vs Demand) so fundamental to market economics as to be virtually mathematical in its logic.

Rem said: (Feb 12, 2018)  
I think the Correct answer is OPTION A.

Karl said: (Jun 2, 2018)  
I think the statement 'people cannot eat vegetable' is the same as 'all people cannot eat vegetables' which is clearly false. People cannot eat cars, vegetables we can eat.

Jashr said: (Nov 15, 2018)  
@Twincle.

"vegetables are becoming a rare commodity" means they are available in the market but in less quantity. And if supply is less the price will increase.

Kevin said: (Oct 29, 2019)  
I think the reason Answer I does not follow is that "soar" and "rare" are not definitive. If the prices "soar" it doesn't necessarily mean vegetables are unobtainable. If vegetables are "rare" it doesn't mean that every vegetable will be auctioned off among the billionaires. (Bill Gates and Warren Buffett playing poker to win the last carrot on Earth would be funny!).

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