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

May on August 25, 2022

Why not C

Can you please explain why C is not the answer?

Reply
Create a free account to read and take part in forum discussions.

Already have an account? log in

Emil 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.