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The interplay between what a given item is worth and its pri

Expert replies
by BTGmoderatorDC » Thu Feb 21, 2019 6:27 pm

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Difficulty—

The interplay between what a given item is worth and its price is hardly based on logic. This is especially true of fashion, luxury, or other nonessential items. Desinger clothing, for example, becomes worth what is priced, as opposed to being priced what it is worth. When that price is set high, the product's value is percieved accordingly, even when its quality is no higher than that of less expensive rivals.

The statement above suggests that:

A) People consistently make logical choices when shopping for essential items.
B) Designer Clothing is not an indispensable item.
C) The higher a product's price, the more that product is worth.
D) Low-priced items are usually of the same quality as high priced items.
E) People are not logical when they shop for clothing.

OA B

Source: Princeton Review
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Source: — Critical Reasoning |

by deloitte247 » Fri Mar 01, 2019 6:42 am
Option A:- INCORRECT
This option does not support the argument because it has deviated from the main purpose of the statement.
The statement is more concerned about with the non-logical shopping of non-essential items, it doesn't suggest that people make logical choices when shopping for essential items.

Option B:- CORRECT
With the statement's main focus on designer clothing, it shows that it is not an indispensable items. It suggests that the worth and price of designer clothing are worth according to its price than being priced according to its worth.

Option C:- INCORRECT
Due to the illogical interplay between what a given item is worth and its price, the statement suggests that the higher a product price, the more that product is worth.

Option D:- INCORRECT
The statement didn't exactly suggest that low-priced items, its functions as some sort of side view of how worth and prices of products are viewed in the statement.

Option E:- INCORRECT
Well this is a known fact in the statement of the people are not logical when they shop for clothing especially designer clothing, people are more inclined to see its worth according to how its priced than being priced according to its worth.
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