Most economists believe that reducing the price of any product generally stimulates demand for it. However, most wine...
Alyonaon January 24, 2020
Why not B
I can understand why E is the correct answer, but B looks as good to me. Please explain why B is a flawed answer choice here.
Thank you.
2 Replies
Alyonaon January 24, 2020
I found the answer, the merchants have nothing to do with the economists who's belief has being discussed.
Ravion January 24, 2020
@Alyona1983,
Let's take a look at (B).
(B) says, "Few merchants of any kind have detailed knowledge of economic theories about the relationship between item prices and sales rates."
The reason we can get rid of (B) is because it does not matter whether or not the merchants know lots of economic theories. It does not require that level of knowledge to know how much wine you're selling and what type of wine you're selling, so this is why (B) is out.