Multiple Choice
Even when the demand for one good is high, the price of the good is also affected by supply. The textbook illustrates this by comparing the price of two items that are both used in the jewellery industry. Which of the following describes the prices of the two materials?
A) Platinum is sold for a higher price than diamonds.
B) Platinum is sold for a higher price than gold.
C) Gold is sold for a higher price than platinum.
D) Gold is sold for a higher price than diamonds.
Correct Answer:
Verified
Correct Answer:
Verified
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