Choose the correct meaning of the given phrase.
“A fancy price”
a) Price of fancy articles
b) An unreasonable price
c) A reasonable price
d) A fixed price
e) A wild price

Hint:An example of the phrase “a fancy price” is – fancy designer labels (any designer clothing material) tend to come with fancy price tags (the price tags on goods) to match it.

Complete answer:
The phrase we are discussing is – “a fancy price”. Now, the meaning this phrase defines is – the cost of something is so high that it is unreasonable and unrealistic. For example she paid a fancy price for the car, the hospital charges a fancy price, designer clothing material comes with fancy price tags, or you should not buy that if you have not seen the fancy price tag, etc.
Now, as understandable by the above explanation the correct solution would be option (b), i.e. an unreasonable price. So, the correct solution is option (b).
Now, why are the other options incorrect? To understand that let us look into the options that we have.
1) Price of fancy articles – indicates or tells the price of some or other article (goods) that is very fancy, it does not focus on the price or cost but the quality or material of the product.
Is the correct answer, as discussed above.
2) A reasonable price – is the opposite of having an unreasonably high cost. A reasonable price indicates that the price is not too high or too low.
3) A fixed price – means that the price cannot be changed and is fixed at a given rate.
4) A wild price – a wild price indicates a very unusual price in the case of a product.
Therefore, you can see that the best suited is option (b) only.

Note:
Do not get confused by the words used in the phrase, try to focus on the meanings and you will easily eliminate the unwanted options.