CSATLogical ReasoningScenario Based Reasoning2014

"Price is not the same thing as value. Suppose that on a day the price of everything viz., coal, bread, postage stamps, a day's labour, the rent of houses, etc. were to double. Prices then would certainly rise, but values of all things except one would not." The writer wants to say that if prices of all things were doubled

A

the values of all things would remain constant.

B

the values of the things sold would be doubled.

C

the values of the things bought would be halved.

D

the value of money only would be halved.

Correct Answer: Option D

Explanation

Let's use a simple intuitive example (Basic Numeracy). Imagine you have a single **Rs 100 note** in your poc

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