The passage most strongly supports the inference that Garber would agree with which one of the following statements?

Meredith on October 31 at 01:39AM

Choice C

Why not C?

1 Reply

Irina on October 31 at 03:47AM

@Meredith,

(C) is not supported by the passage. Garber argued that high prices of certain tulip varieties were not irrational but supported by fundamentals due to future profit potential, thus a rapid rise and fall of tulip prices are not indicative of a speculative bubble. The passage never mentions that Gerber believed that irrational prices indicate a speculative bubble as (C) implies.