79 LR One Question 22
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I am confused...
I thought that it was the overall conclusion because it had "But" at the begging.
The next sentence "in the real world" explains the conclusion, and the explanation is concluded by the sentence with "as a result".
There is a common structure at work here that we've discussed before.
Some people say X.
Therefore, not X.
Y is evidence that attacks the ascribed conclusion (it "denies a claim"). In this instance, it denies an inherent claim: some people say gouging is efficient. Those people are wrong because they assume that the price-gouged items go to the people who need them, but they do not.
When you see "as a result," you can be sure that a conclusion follows ("I have this evidence. As a result, we can conclude this conclusion").
This is one good way to know that what came before is evidence, and not a conclusion.