This is a complex issue. In physiological states, there is indeed an inverse relationship between serum PTH level and serum Ca level. This is because PTH release increases whenever the serum Ca level is low and decreases when serum Ca is high. It's a very basic negative feedback homeostatic mechanism. However, if you a pathological state where PTH is constantly being released at a high rate due to something like a parathyroid adenoma, then you will see both hyperparathyroidism and hypercalcemia at the same time.
For MCAT purposes, always assume a physiological state unless otherwise specified. The vast majority of homeostatic mechanisms are negative feedback loops, so you will very often see inverse relationships between serum levels of A and B, even though A stimulates the release of B.