PT148.S4.Q3 > Question

SECTION 1 · lr

Question 1 Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9 Question 10 Question 11 Question 12 Question 13 Question 14 Question 15 Question 16 Question 17 Question 18 Question 19 Question 20 Question 21 Question 22 Question 23 Question 24 Question 25

SECTION 2 · rc

PASSAGE 1

Question 1 Question 2 Question 3 Question 4 Question 5 Question 6

PASSAGE 2

Question 7 Question 8 Question 9 Question 10 Question 11 Question 12 Question 13

PASSAGE 3

Question 14 Question 15 Question 16 Question 17 Question 18 Question 19

PASSAGE 4

Question 20 Question 21 Question 22 Question 23 Question 24 Question 25 Question 26 Question 27

SECTION 3 · lr

SECTION 4 · lr

Why were most study participants unwilling to sell a coffee mug unless they received more than the maximum amount they would have spent to purchase it?

The right answer will explain a difference between the mugs, the study participants’ states of mind, or the set of circumstances that existed when the participants were in the position of mug buyer vs. mug seller. That difference must result in the participants believing that they either could or should receive more money for the mug than they were willing to spend to purchase it.

This doesn’t explain why the participants’ assessments of the mug’s value changed when they became the seller—the inherent properties of the object didn’t change, so why would the participants’ value assessments be different?

This would help if the participants had owned the mug for a long time after they were in the position of buyer and before they were in the position of seller, but the stimulus tells us they were asked about the mug’s price “immediately” after they were given the mug.

This doesn’t help. Even if the participants’ willingnesses to purchase the mug for no more than $5 were based on their knowledge of a previous price, it doesn’t explain why they wouldn’t sell the mug for $5.

This describes a key difference between the study participants’ states of mind as mug buyer vs. seller: in the position of seller, they owned the mug, and therefore valued it more highly than before. As a result, they wanted to sell it for more money.

We want to explain why the participants’ assessments of the mug’s value went up when it was given to them. Instead, this answer indicates that we might expect the opposite. This answer choice also compares given vs. purchased objects, but the stimulus describes desired vs. owned.

PrepTest 148 - Section 4 - Question 3

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