Given that you observe nothing but the high price of the product,you are more likely to infer that
A)The product is low quality
B)The product is high quality
C)The product is the lowest quality possible
D)The product is defective

Question

​Given that you observe nothing but the high price of the product,you are more likely to infer that
A)​The product is low quality
B)The product is high quality
C)The product is the lowest quality possible
D)​The product is defective

Quizplus · Accepted Answer

A high price often indicates that a product is of high quality, as companies are able to charge more for well-made or exclusive products. Therefore, it is more likely that the product is of high quality if the only observation is that it has a high price.

​Given That You Observe Nothing but the High Price of the Product,you

Given That You Observe Nothing but the High Price of the Product,you