Not sure how to arrive at answer D

Started by rswartz2 · started 2020-01-06 22:11 · last activity 2020-01-08 02:17 · 2 replies

Here is my thinking for why D is wrong. If the suggested retail price is $60 by the economists argument the person would only pay on average about 2/3 or $40 for the item. Here in D the person is simply saying that the would not sell it for less then $30. But $30 is still less than $40 so I initially thought that is supports the argument. But is it the possibility that more than half encompasses full retail value of $60? If that is not the case then I'm can't see how the answer choice is supported. I actually liked A because A opens up the possibility that the gift can be returned and thus has value similar to a gift card because if returned the amount paid a should bee received especially if there is a gift receipt.

Replies

  1. rswartz2 · 2020-01-06 22:14

    Ok forget my post I misread the answer choice
  2. shunhe · 2020-01-08 02:17

    Glad you figured it out! Feel free to ask if anything else pops up.

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