Statement:\n“Parents are prepared to pay any price for an elite education for their children.”\n\nConclusions:\nI. All parents these days are very well off.\nII. Parents have a strong passion for ensuring their children’s development through good schooling.\n\nWhich conclusion(s) logically follow(s)?

Introduction / Context:
The statement highlights willingness to pay “any price” for elite schooling, signaling intensity of preference, not necessarily universal affluence.

Given Data / Assumptions:

• Strong willingness among parents to secure elite education.
• No claim that all parents are wealthy.

Concept / Approach:
We distinguish motivation (value placed on education) from means (being well off). The statement evidences the former but not the latter for the entire parent population.

Step-by-Step Solution:

Verification / Alternative check:
Many may borrow/sacrifice to pay for schooling; passion does not entail wealth.

Why Other Options Are Wrong:

Common Pitfalls:
Equating willingness with ability for all.

Final Answer:
If only Conclusion II follows.