NIFT PG 2014 Question Paper with solutions

Question : 111 of 150

Marks: +1, -0

The

\$

300 pair of designer jeans is now, courtesy of the recession, the

\$

200 pair of designer jeans. “It was all just a fad,” said Jeff Rudes, a founder of the hot denim label J Brand Jeans and an astute observer of the suspiciously inflated prices of fashion’s most eternally reinvented staple. Like any commodity that becomes over-priced, there eventually comes a market correction. And denim’s day of reckoning was long overdue.

Jeff Rudes had been wary of the suspiciously inflated prices of jeans and had anticipated their fall owing to the recession.
As in the case of any product that becomes overpriced, recession brought about a correction in the prices of designer jeans that are now priced at a reasonable $\$$ 200 a pair.
The fad of designer jeans at $\$$ 300 a pair has been corrected by the recession and jeans are now available for just $\$$ 200.
Recession or no recession, branded jeans continue to sell—earlier $\$$ 300 a pair but now at a recession-reduced $\$$ 200 a pair.

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