Identify Any Fallacies in the Following Passage Either by Naming

question 147

Short Answer

Identify any fallacies in the following passage either by naming them or, where they seem not to conform to any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoning is irrelevant to the point at issue.
I know it was not very nice to overcharge them like that for the room, but all's fair in love, war, and business, my dear. Besides, if the situation were reversed and we were desperate for lodging, they would have bled us for all we're worth.

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Definitions:

Free Trade Association

A group of countries that have agreed to eliminate tariffs, quotas, and preferences on most (if not all) goods and services traded between them.

EURO

The official currency of the Eurozone, which is used by 19 of the 27 European Union countries.

Official Currency

The legally established money within a country that is used as a medium of exchange, store of value, and unit of account.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country in a given period, a primary indicator of economic health.