Given Garber's account of the seventeenth–century Dutch tulip market, which one of the following is most analogous to...

Ava on January 4, 2020

Explanation of E

Can someone explain why E is the correct answer? What text evidence did you use in particular to arrive to the correct answer?

1 Reply

on January 5, 2020

Hello @shafieiava,

I'm not sure if this is just a typo in your question, but the correct answer is actually D. Maybe it will make more sense to you now. The key to this question is the reproduction of the tulip bulbs. Garber describes the fundamental value of tulips almost like an investment. Someone could purchase an original bulb for a high price, and then sell its descendents (copies) for a much lower price, but still make a profit. This is analogous to the publisher who buys the rights to a novel. Although they sell copies for a much lower price, they are expecting to make money from the high volume of sales. This is why Garber didn't find tulip pricing to be irrational/speculative.

There is evidence for this throughout the third paragraph, but I am focusing on line 47 - end.