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

Meredith on October 31, 2019

Choice C

Why not C?

1 Reply

Irina on October 31, 2019


(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.