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

Emil-Kunkin on August 26, 2022

Hi Mayatassi,

The passage describes someone who buys the right to sell a product for a high price, and then sells many variants of that product at lower prices. C describes someone who buys a good, and then loses money because of a flood of new supply. There is no exogenous increase of supply in the scenario in the passage.