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Reading Comprehension: Inference Questions

The author suggests that if sports cars were to cease to be a symbol of luxury and prestige

Correct!

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Because prestige and luxury are the reasons for the inelasticity of demand for sports cars, we can infer that if sports cars were not so well-regarded, demand for them would become more elastic.

Incorrect.

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Although this may be true, we cannot infer this information from the passage. The passage only tells us about the elasticity of demand for sports cars, not their price.

Incorrect.

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Although this may be true, we cannot infer this information from the passage. The passage only tells us about the elasticity of demand for sports cars, not the number of cars sold.

Incorrect.

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Although this statement could be true, the passage does not give us any information to support it. We only can infer what would happen to the elasticity of demand for sports cars.

Incorrect.

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If sports cars were to become less desirable because they were no longer a symbol of prestige, their price would become a more significant factor in consumers' decision to buy them, making demand more elastic.

sports cars would become cheaper
fewer sports cars would be sold
the demand for sports cars would become more elastic
more middle-class families would buy sports cars
the demand for sports cars would remain inelastic