PT8.S4.Q17

PrepTest 8 - Section 4 - Question 17

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Certain items—those with that hard-to-define quality called exclusivity—have the odd property, when they become available for sale, of selling rapidly even though they are extremely expensive. ██ █████ ██████ ██ ████ ████ ██ ████ ████ ██ ██████ ███ ███ █ █████ ██ █ ███████ ██████ █████ ██ █████ ████ ████████ ███ ████ ██████████████████████████ ██ ████████ ██ ██ ███ ████████ █████ ███████ ██████████ █████ ████ █ █████ ████ ████ █████ ██ ██ █████ ██ █████████ ██████████ ███ ███ ██████ ██ █████ ██ ████████ ███ ██████ ██████ ████ ████ ████ ███ █████ ██ ███ ███████ ██████ █████ ██ ██ ███ █████████ ██ ███████ ███ █████ ███ █████

The Strategy And The Alternative

Immediately upon reading the stem’s abstract language (“the argument recommends a certain pricing strategy”), you should lock in on matching abstract concepts to their counterparts in the stimulus as a core challenge in this question. Here’s a legend of sorts:

The Strategy: when pricing goods, err on the side of setting the price too high.
The Alternative: when pricing goods, try to sell fast by setting the price too low.

This argument’s abstract structure is as follows:

Premise: The Alternative has [a major downside].
Premise: Hitting the nail exactly on the head is impossible.
________
Conclusion: You should adopt The Strategy.

In Method Of Reasoning questions (which this is), there’s not much reason to expect to find a flaw in the argument – often the arguments are totally fine. If you do notice a flaw, though, there’s a high chance the correct answer will describe the argument in a way that highlights the flaw.

In this case, the argument exhibits flawed net effect reasoning: The Alternative has one downside, therefore The Strategy is a better option overall.

User Avatar Analysis by MichaelWright
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17.

The argument recommends a certain ███████ ████████ ██ ███ ███████ ████

a

this strategy lacks █ █████████████████ ███████ ██ ███ ████████ ███████████

b

this strategy has ███ ██ ███ ██████████ ██ ███ ████████ ████████████ ███ █████ ██ ███ █████████████

c

experience has proven ████ ████████ ██ ██ █████████ ████ ██████ ███ ███████ ███ ████ ███████████ █████ ████████

d

this strategy does ███ ████ ██ ███████████ █████████ █████████ ██ █████

e

the error associated ████ ████ █████████ ██████ ███ █████ ██████████ ████ ███ ████████ ████████████ ██ ██████ ██ ██ █████████

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