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When Cathy Went Shopping, She Paid a Lot to Buy

Question 124

Essay

When Cathy went shopping, she paid a lot to buy a jacket that had a well-known designer's tag attached to it. After a few days, she came across a jacket which was undistinguishable from the one she had bought but was priced 5 times lesser than the earlier one. She didn't give this a second thought because she was convinced that the designer label she had bought was worth it. What can be deduced from this?

Correct Answer:

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Cathy was using the price as an indicato...

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