Why Does the Paradox of Value Between Diamonds and Water

Multiple Choice

Why does the paradox of value between diamonds and water arise?

A) because water has a low price and a low total utility, while diamonds have a high price and a high total utility
B) because water has a low price and a low marginal utility, while diamonds have a high price and a high marginal utility
C) because necessities like water are higher priced than luxuries like diamonds
D) because diamonds have a higher value to people even though water is essential to life
E) because water has a low price and a low total utility, while diamonds have a high price but also a low total utility