Related to the Economics in Practice on Page 134: Harry's

question 109

Multiple Choice

Related to the Economics in Practice on page 134: Harry's Foods claims that you will pay less for groceries by shopping at their stores. As evidence, Harry's Foods points out that the total price of the bundle of goods that a particular shopper purchased at Harry's Foods was lower than the total price of the same bundle of goods purchased at other stores. Which of the following point out a flaw in the grocery store's argument?

• A) The shopper in question may not have purchased the same bundle of goods had he shopped at one of the other stores first.
• B) It ignores the possibility that Harry's Foods used to charge higher prices than their competitors.
• C) It fails to demonstrate that Harry's Foods offers the highest quality groceries.
• D) Prices on the day the bundle was purchased may not be representative of prices on a typical day.