Information and IdeasEasy–MediumInference from a pricing decision
Information and Ideas practice question
The market's fishmonger sells whole fish at a lower price per kilogram after 3 p.m. than in the morning, and has done so for years. This suggests that ____
Which choice most logically completes the text?
- A. the fishmonger would rather sell the day's fish cheaply than be left with it unsold.Correct
- B. fish caught in the afternoon are smaller.
- C. the fishmonger loses money every day.
- D. customers prefer to shop in the morning.
Answer: A. the fishmonger would rather sell the day's fish cheaply than be left with it unsold.
A daily afternoon discount on a perishable good: better sold cheap than not at all.
Why the other answers are wrong
- B. fish caught in the afternoon are smaller.
- The fish are the same stock, sold later.
- C. the fishmonger loses money every day.
- A long-standing practice suggests it works, not that it loses money.
- D. customers prefer to shop in the morning.
- The discount is meant to draw afternoon buyers; it says nothing about preference.
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