Team, quick question on this verbal question:
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Relevant part of passage:
"For several decades after its discovery, aluminum was considered a precious metal and was more costly than gold or platinum, not because of any fundamental scarcity, but because of its elevated cost of production. The price of aluminum suddenly plummeted in 1886, however, when two 23-year-old inventors independently developed an electrolytic process of separating pure aluminum from a bath of molten aluminum salts, primarily cryolite. Cryolite itself is rare enough that synthetic salts eventually replaced it as the solution medium."
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In terms of economic impact, which of the following hypothetical situations would be most analogous to what the passage indicates happened in 1886?
(a) Fossil remains of a previously unknown dinosaur species are simultaneously discovered by two researchers working independently of one another.
(b) Lead-acid batteries are widely replaced in automobiles by batteries containing lithium, a much rarer metal than lead.
(c) Direct processing of light signals within fiber-optic devices supplants electronic signal processing performed by solid-state transistors.
(d) After supplies of a widely used commodity become unavailable, the price of the commodity surges.
(e) Low-cost artificial synthesis of diamonds, which are expensive to mine but composed of the common element carbon, is perfected.
The OA is (e). My questions are below:
(1) in OA, the low cost artificial process is already around is now "perfected". It seems like less of an innovation
than other answer choices. Can you help me out with understanding why this is the best answer (bc there's no way its perfect)?
(2) I just don't understand how new batteries (a seemingly innovative change like a new separation process is) isn't similar. When I reviewed I picked (c) and I'm still not sure why or what it really means here, but it sounds innovative as well (and uses the word process).
(3) Further, any general advice for analogy like problems? They can be hit or miss for me.